BNY Mellon Asset Servicing, a subsidiary of Bank of New York Mellon Corp., has introduced a suite of alternative investment services for plan sponsors and not-for-profit institutional investors.
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The services let clients better process, manage, account for, and analyze alternative investments, the company said on Monday.
BNY Mellon has started offering other services for alternative investment strategies in the past year, including data administration, reconciliation, document management, and performance measurement, as well as integrated reporting and analysis through the company's Workbench information delivery system.
BNY Mellon's alternative investment services unit has more than $195 billion of hedge fund assets under administration.
