The Bank of New York and Mellon Financial Corporation merger completed in July has created the sixth-biggest hedge fund administrator worldwide. The newly named Bank of New York Mellon has $175 billion in hedge fund assets under administration from the merger of the two firms. The merger added more than $50 billion to Bank of New York’s $120 billion. Marina Lewin, managing director of global fund services, who is overseeing the hedge fund administration business, says that the merger now makes the firm the sixth-largest hedge fund administrator by...
