BNY Mellon has launched a new liquidity administration service as part of its fund of hedge funds (FoHF) and pension plans offering.
According to BNY Mellon, the new service will offer clients across its alternative fund administration and traditional custody segments with enhanced liquidity monitoring, reporting and analysis, plus advanced portfolio modeling capabilities.
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The new solution is aimed both at existing FoHF clients who use adhoc 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.
The new liquidity administration service is fully integrated with the company’s FoHF custody and accounting systems, which helps to streamline trade execution instructions.
Alan Flanagan, global head of product management for alternative investment services at BNY Mellon, said: "Being able to outsource liquidity administration offers clients more comprehensive analysis, improved scenario modeling, and greater transparency – all much sought after by both fund of funds managers and institutional clients with a large alternatives allocation."
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