BNY Mellon is rolling out a new liquidity administration service for funds of hedge funds and pension plans.
The application will provide enhanced liquidity monitoring, reporting and analysis functionality, as well as increased portfolio modeling capabilities. BNY says it will target the solution at fund of hedge funds "using ad hoc or manual processes," and pension plans requiring "more sophisticated analytics and monitoring."
The administrator touts this new service's ability to "forecast redeemable investment amounts through ‘what if' analyses, along with information on notice periods, lock-ups, and cash settlement and redemption fees by investment."
"Many organizations perform their own liquidity analysis through vendor software, internal applications, or manually," says Alan Flanagan, BNY Mellon global head of product management for alternative investment services. "Being able to outsource liquidity administration offers clients more comprehensive analysis, improved scenario modeling, and greater transparency - all much sought after by both fund of funds managers and institutional clients with a large alternatives allocation."
The service is being delivered through its BNY Mellon Connect portal.
James Rundle attended the Futures Industry Association's annual conference in Boca Raton, Florida. These are his takeaways.Subscribe to Weekly Wrap emails