BNY Mellon has introduced a new liquidity administration service as part of its fund of hedge fund offering.
The service will provide clients across BNY Mellon's alternative fund administration and traditional custody segments with enhanced liquidity monitoring, reporting and analysis.
The new service is aimed both at existing and public or corporate pension plans that require more sophisticated analytics and monitoring of their alternative investments portfolio.
The new service, which will be available through the BNY Mellon Connect Portal, is fully integrated with the company's custody and accounting systems, which helps to streamline trade execution instructions.
Alan Flanagan, BNY Mellon’s global head of product management for alternative investment services, said: "Many organisations perform their own liquidity analysis through vendor software, internal applications, or manually.”
“Being able to outsource liquidity administration offers clients more comprehensive analysis, improved scenario modelling, and greater transparency—all much sought after by both fund of funds managers and institutional clients with a large alternatives allocation."
