Hedge funds: BoNY-Mellon now sixth biggest administrator

“Private equity is a big piece of expansion for us. We have won several large mandates already. Similarly we want to capture the growing popularity of hybrid products, like 130/30 funds” Marina Lewin, Bank of New York Mellon

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.