New Alternatives Service From BNY Mellon

Nick Parmee

25 March 2008

BNY Mellon has introduced a new suite of alternative investment services for plan sponsors and not-for-profit institutional investors. Newly launched services include data administration, reconciliation, document management and performance measurement, as well as integrated reporting and analysis through the company's Workbench information delivery system. Eve Kingsley, first vice president and product manager at BNY Mellon, said: "With growing allocations to private equity, hedge funds, and other limited partnerships, along with greater regulatory scrutiny, these new capabilities will ease the burden on investors dealing with this labour-intensive asset class."