The new services enable clients to better process, manage, account for, and analyze alternative investments, according to a press release. Newly launched services include data administration, reconciliation, document management, “as of” performance measurement, as well as integrated reporting and analysis through the company’s Workbench information delivery system.
“With growing allocations to private equity, hedge funds, and other limited partnerships, along with greater regulatory scrutiny, these new capabilities will ease the burden on investors dealing with this labor intensive asset class,” said Eve Kingsley, first vice president and product manager at BNY Mellon, in the announcement.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.
More information is here .