The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Hedge funds: BoNY-Mellon now sixth biggest administrator

Private equity and hybrids are main planks of growth strategy aimed at taking merged company to third place.

 Marina Lewin, Bank of New York Mellon

"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. 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 assets under administration. Previously, BoNY, the larger of the two merged firms, was about 11th or 12th largest. BoNY’s hedge fund assets under administration grew by 500% over the past 3.5 years. Assets are at present split among 135 hedge fund and fund of hedge funds clients.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree