26 Jan 2012
BNY Mellon, global investment manager, has enhanced its loan administration functionality to offer hedge funds and fund of hedge fund clients an automated solution with increased transparency.
The service will combine the expertise of BNY Mellon Alternative Investment Services and BNY Mellon Corporate Trust, in order to provide an end-to-end administrative solution from pre-settlement to post-settlement services. Through proprietary technology, the service aims to allow clients access to straight through processing for trade instructions, security master creation, cash flows and loan specific information, in order to gain transparency of their syndicated loan portfolio.
“We can now offer our hedge funds and fund of hedge funds clients an enhanced loan service as part of our suite of administration products,” said Brian Ruane, BNY Mellon CEO of alternative and broker-dealer services. “By working closely with our corporate trust business, we have been able to develop a best of breed offering which addresses the specific needs of our clients allocating to fix income.”
The service will combine the expertise of BNY Mellon Alternative Investment Services and BNY Mellon Corporate Trust, in order to provide an end-to-end administrative solution from pre-settlement to post-settlement services. Through proprietary technology, the service aims to allow clients access to straight through processing for trade instructions, security master creation, cash flows and loan specific information, in order to gain transparency of their syndicated loan portfolio.
