With investor demands for greater transparency weighing heavily on the shoulders of hedge fund managers, BNY Mellon has responded by rolPARA_BREAK_SENTINEL_9f8e7d6c

With investor demands for greater transparency weighing heavily on the shoulders of hedge fund managers, BNY Mellon has responded by rolling out middle-office outsourcing services reported AsianInvestor this week. The head of BNY Mellon’s Alternative Investment Services division Asia, Andrew Gordon, said the firm believed there was good demand for such a service in light of the fact that many Asia-based hedge funds are “light on infrastructure”. Fund managers are looking to outsource their operations to service providers because, according to Gordon, “They don’t want to necessarily make that investment themselves.” Certainly, being able to show potential investors that you have global heavyweight names like BNY Mellon supporting the fund could be a savvy move for managers looking to surpass USD100million in AUM. It brings credibility and confidence to the likes of pension funds that are thinking of writing institutional tickets. A full range of post-trade and pre-settlement mid-office functions including real time trade processing, P&L reporting and OTC confirmation will be available to hedge funds. The platform will also link up with other operations such as cash/collateral management and risk reporting.