The Bank of New York Mellon Jumps to Third Place in Latest HFMWeek Ranking of Single Manager Hedge Fund Administrators
The Bank of New York Mellon (NYSE: BK) was the only hedge fund administrator among the industry’s top ten to report growth in single manager hedge fund assets under administration (AUA) in the latest HFMWeek survey. [...]
Mellon Transition Management Predicts Record Number of Asset Managers to Be Replaced in Second Half of 2009
Mellon Transition Management (MTM), the transition management specialist for BNY Mellon Asset Management, is predicting that a record number of financial institutions such as pension funds and endowments will replace their asset managers in the third and fourth quarters [...]
Relative Value Strategies Achieving Strong Performance as Fundamentals Return to Markets, According to Mellon Capital Management
Relative value investment strategies, including those employed by quantitative funds, have produced strong returns since the end of December 2008, when the movements of various asset classes became much more correlated with key fundamental indicators such as corporate earnings and [...]
Damages Determined in Hedge Fund Fraud Case Judge Marra Orders Heavy Amount Against Lauer
In the case brought forth by the SEC against Michael Lauer for hedge fund fraud, the U.S. Disctrict Judge for the Southern District of Florida determined that Lauer must pay back $62 Million in damages. On September 24th, 2008, the SEC announced [...]
Background Information:
Manger: Mellon Capital Management Corporation; The Bank of New York Mellon Corporation
Public/Private: Public
Website: www.mcm.com
Linked In Profile: http://www.linkedin.com/companies/mellon-capital-management
Locations: San Francisco (HQ), Boston, Philadelphia, and Pittsburgh
Company Size: 201-500 employees
Founded: 1983
AUM: $153.2 billion
Clients: 606
Registration: SEC Registered
Notice Filings: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, [...]
Mellon Capital Management Launches Long Bond Strategy To Help Pension Funds Protect Against Market Volatility
Mellon Capital Management Corporation, part of BNY Mellon Asset Management, has launched its High Quality Long Corporate Bond Strategy with $100 million in assets from three clients. The strategy, which was developed to help pension funds protect their assets against market [...]
State Retirement and Pension System of Maryland Selects Mellon Capital Management To Manage $100 Million in Large Capitalization Core Strategy
Mellon Capital Management Corporation, part of BNY Mellon Asset Management, has been selected by the State Retirement and Pension System of Maryland to manage $100 million in a large capitalization core strategy.
Oliver Buckley, executive vice president [...]
Van Eck Launches Multi-Manager Alternatives Mutual Fund; Designed for Retail Investors Seeking Exposure to Hedge-Style Investment Strategies
Van Eck Global is building on its experience in developing and managing multi-strategy, multi-manager investment products with the launch of its new Van Eck Multi-Manager Alternatives Fund (ticker: VMAAX), an open-end mutual fund designed to give investors exposure to [...]
Startup Hedge Funds Find it Difficult to Attract Investors in Tough Financial Times
In the wake of the Madoff scandal and the financial crisis of 2008, hedge fund investors are less willing to invest in startup hedge funds. Despite an increase in startup hedge fund performance this year, the hedge funds’ total assets under management have [...]
Credit Suisse/Tremont Hedge Fund Index Estimated to Finish Up 3.61% In May
Hedge fund managers posted positive returns across all major strategies in May except for Managed Futures, which were down 20 bps. Returns were driven by favorable investment conditions across equity, credit and commodities markets. India led the positive trend in Emerging Markets, with the [...]