About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BNY Mellon Alternative Investment Services Announces New Price Verification and Asset Validation Service for Hedge Funds

Subscribe to our newsletter

BNY Mellon Alternative Investment Services has launched a service that independently validates a hedge fund’s position records to third parties – prime brokers, custodians, trustees and agent banks – and independently verifies the pricing of that fund’s securities. The new service provides fund managers and their investors with greater transparency and additional assurance that fund assets are independently priced and validated.

The flexible, highly automated service, with pricing and validation coverage across 50 asset classes, is enabled by BNY Mellon’s extensive relationships with more than 150 prime brokers and counterparties. The service, which can be used to supplement client interface with accountants and independent auditors, can also be customised to meet specific requirements, including tolerance checking across positions, price or market values.

“Hedge fund clients are telling us their investors are demanding an independent validation of their holdings. The price verification/asset validation service helps address this need, which in turn helps hedge funds retain and grow their investor base,” said Brian Ruane, chief executive officer of BNY Mellon Alternative Investment Services. “While our broad network of pricing vendors and counterparties are the power behind this new offering, greater transparency is clearly the motivation.”

Currently, the price verification/asset validation service reconciles more than 27,000 client investment positions, with a total market value in excess of US$24 billion. Client coverage rates (assets validated as a percentage of total portfolio scope and value) are in the range of 95-99%. Clients can elect the service on a monthly or quarterly basis.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

New Bloomberg US BDC Index Offers Insight into Private Credit

Bloomberg has launched a new index that brightens the light that is bringing transparency to often opaque private markets, this time with a focus on one of the sector’s more specialised corners. The New York-based data behemoth’s US BDC Aggregate Eligible Index (Ticker: BDCUSAGG) gives investors a unique view into how bonds issued by the...

EVENT

Eagle Alpha Alternative Data Conference, Fall, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Institutional Digital Assets Handbook 2023

After initial hesitancy, interest in digital assets from institutional market participants has grown over the past three to four years. Early focus inevitably centred on the market opportunities presented by bitcoin and other cryptocurrencies. But this has evolved into a broad acceptance of a potentially meaningful role for digital assets in institutional markets. It’s now...