BNY Mellon has been selected to provide global custody, fund administration, foreign exchange and cash management services for a new fund of hedge fund strategy launched by van Biema Value Partners.
"BNY Mellon demonstrated its ability to deliver a solution specifically designed for our unique needs," said Steve Bondi, chief operating officer of van Biema Value Partners. "The strength of its client service team and the flexibility of the product offering made BNY Mellon the best choice for us."
"An additional benefit provided by BNY Mellon that is valued by van Biema Value Partners is our platform's ability to service both the asset manager and the our global institutional clients or asset owners," said Bill Phinney, managing director of BNY Mellon's complex accounting and administration group.
"Our platform also enables hedge funds to provide transparency to their institutional clients, an increasingly important capability in the current investment climate."
van Biema Value Partners is an SEC-registered investment adviser established by Michael van Biema in 2004 that specialises in creating portfolios of small, deep value-oriented hedge funds for investors.
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