{"id":22565,"date":"2011-05-19T06:33:29","date_gmt":"2011-05-19T10:33:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=22565"},"modified":"2011-05-19T06:36:35","modified_gmt":"2011-05-19T10:36:35","slug":"bny-mellon-hit-400b-announces-top-hedge-fund-strategies-commodities-distressed-debt-prime-custody","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2011\/bny-mellon-hit-400b-announces-top-hedge-fund-strategies-commodities-distressed-debt-prime-custody.html","title":{"rendered":"BNY Mellon Hits $400b &#8211; Announces Top Hedge Fund Strategies: Commodities, Distressed Debt, Prime Custody"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/bny_mellon_.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-22566 alignleft\" title=\"bny_mellon_\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/bny_mellon_-300x225.jpg\" alt=\"\" width=\"240\" height=\"180\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/bny_mellon_-300x225.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/05\/bny_mellon_.jpg 340w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a>New York (HedgeCo.net) &#8211; Hedge fund service provider, BNY Mellon Alternative Investment Services (AIS), has topped $400 billion in assets under administration, making it the second largest provider of solutions to hedge funds, funds of hedge funds, and private equity investments globally.<\/p>\n<p>&#8220;Alternative asset service providers will increasingly be looked upon to provide both the alternative solutions as well as the transparency managers want,&#8221; Brian Ruane, BNY Mellon chief executive officer of Alternative and Broker-Dealer Services, said. &#8220;Reaching this milestone is an achievement in itself, but the way in which we&#8217;ve grown our business globally attests to our ability to meet client needs in an evolutionary phase for the industry.&#8221;<\/p>\n<p>BNY Mellon AIS has doubled its alternative assets under administration since 2008, fueled by increased market share and its acquisition of PNC&#8217;s Global Investment Servicing business last July. AIS is custodian for more than $120 billion in hedge fund assets, in addition to the over $400 billion it currently administers.<\/p>\n<p>Ruane noted global macro hedge funds and those offering exposure to commodities, distressed debt, or requiring &#8216;prime custody&#8217; services, are among the fastest growing segments of the global hedge fund services business.  &#8220;We expect these trends to hold steady in 2011,&#8221; he added.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Hedge fund service provider, BNY Mellon Alternative Investment Services (AIS), has topped $400 billion in assets under administration, making it the second largest provider of solutions to hedge funds, funds of hedge funds, and private equity [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,14],"tags":[],"class_list":["post-22565","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","category-success-stories"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=22565"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22565\/revisions"}],"predecessor-version":[{"id":22568,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22565\/revisions\/22568"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=22565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=22565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=22565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}