Oddo Asset Management, an arm of Paris-based Oddo & Cie, has selected BNY Mellon to provide fund administration and custody services for its new hedge fund, Orsay Merger Arbitrage, which launched in June with €100 million ($137 million) in capital.
"Orsay Merger Arbitrage is the flagship product of our new alternatives business and BNY Mellon's combined expertise in fund administration and custody will be a huge benefit to Oddo as we expand our hedge fund presence," says Pierre Baudard, COO of Oddo Asset Management.
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