NEW YORK, April 9, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been selected to provide global custody, fund administration, foreign exchange and cash management services for a new fund of hedge fund strategy launched by van Biema Value Partners.
"BNY Mellon demonstrated its ability to deliver a solution specifically designed for our unique needs," said Steve Bondi, chief operating officer of van Biema Value Partners. "The strength of its client service team and the flexibility of the product offering made BNY Mellon the best choice for us."
"An additional benefit provided by BNY Mellon that is valued by van Biema Value Partners is our platform's ability to service both the asset manager and the our global institutional clients or asset owners," said Bill Phinney, managing director of BNY Mellon's complex accounting and administration group. "Our platform also enables hedge funds to provide transparency to their institutional clients, an increasingly important capability in the current investment climate."
van Biema Value Partners, LLC is an SEC-registered investment adviser established by Michael van Biema in 2004 that specializes in creating portfolios of small, deep value-oriented hedge funds for sophisticated investors around the globe. van Biema offers a select group of funds as well as customized managed account solutions to both institutional and high net worth investors seeking expertise in accessing what has proven to be a compelling long-term investment niche within the global markets. Additional information is available at www.vbvaluepartners.com.
BNY Mellon Asset Servicing supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.
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 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 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). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
SOURCE BNY Mellon