Hedge Fund News From HedgeCo.Net

BNY Mellon Wins GLG Fund Mandate

emii.com – GLG Partners’ fund of hedge fund unit, GLG MMI, has hired BNY Mellon, ICFA Magazine reports. BNY Mellon will serve as custodian and fund administrator for the firm’s entire fund of hedge fund unit.

The firm previously shared the business with one more provider. BNY Mellon’s move to fund of hedge funds and the integration of its technology will help the hedge fund manager focus on managing money.

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