The service will provide clients across BNY Mellon’s alternative fund administration and traditional custody segments with enhanced liquidity monitoring, reporting and analysis, plus advanced portfolio modeling capabilities. It is aimed at existing FoHF clients who use ad hoc or manual processes for liquidity administration, as well as public or corporate pension plans that require more sophisticated analytics and monitoring of their alternative investments portfolio.
Clients will have access to the service through the BNY Mellon Connect portal. The new service is fully integrated with the company’s FoHF custody and accounting systems, which helps to streamline trade execution instructions. The service will enable clients to forecast redeemable investment amounts through “what if” analyses, along with information on notice periods, lockups, and cash settlement and redemption fees by investment.
“Many organizations perform their own liquidity analysis through vendor software, internal applications, or manually,” says Alan Flanagan, BNY Mellon, global head of product management for alternative investment services. “Being able to outsource liquidity administration offers clients more comprehensive analysis, improved scenario modeling and greater transparency. These are all much sought after by fund-of-funds managers and institutional clients with a large alternatives allocation.”