NEW YORK and LONDON, April 16, 2014 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been recognized as the best large fund of hedge funds (FoHF) administrator in HFMWeek's 2014 European Hedge Fund Services Awards. The company also was listed as top FoHF administrator by assets under administration (AUA) in the Q4 2013 eVestment Fund Administrator Survey.

According to eVestment, total alternative AUA across the industry rose steadily in the six months since its prior survey. AUA among participating firms totaled $6.37 trillion for the period ending December 31, 2013, up 6.2% from June 30. BNY Mellon's total alternative AUA climbed to $648.9 billion, while FoHF assets under administration stood at $125.3 billion at year-end 2013.

"As funds of hedge funds start to regain traction and the industry adjusts to increased regulation, we've focused much of our attention on transparency," said Frank La Salla, CEO of BNY Mellon's Alternative Investment Services business. "Newly developed products, such as direct trade entry and our liquidity administration service launched in 2013, can help clients gain efficiency, expand their analysis, and enhance transparency. We'll continue to innovate to support their growth."

With the largest, most comprehensive global database of traditional and alternative strategies, eVestment helps its clients be more strategic, efficient and informed. HFMWeek is an international publication serving the hedge fund community, read by more than 5,500 alternative fund managers, predominantly CFOs and managing partners, and their key advisors across the globe.

BNY Mellon is a leading administrator of alternative assets, including single manager hedge funds, funds of hedge funds and private equity, with more than $645 billion of alternative assets under administration and/or custody and offices worldwide. BNY Mellon also offers a wide range of cash management, foreign exchange, collateral management, corporate trust, and wealth management services to the alternative investments industry.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Dec. 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com, or follow us on Twitter @BNYMellon.



    Contact: Joseph F. Ailinger Jr                      Sally Moore

             BNY Mellon                                 Broadgate Mainland

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SOURCE BNY Mellon