New York (HedgeCo.net) –  Hedge fund admin giant BNY Mellon, has seen its Alternative Investment Services (AIS) business named as the largest global administrator of alternative UCITS funds in the second annual administration survey by Absolute UCITS publication.

This is the second year that AIS, a leading hedge fund service provider, has claimed the top spot with$26.7 billion in alternative UCITS assets under administration across 29 funds (as of January 2012).  AIS’s alternative UCITS assets surged 70%, or $11 billion, from January 2011, continuing the growing demand for solutions that the company has seen over the last few years. Since 2008, BNY Mellon’s AIS business has more than doubled total alternative assets under administration and custody to over $525 billion.

Marina Lewin, managing director at BNY Mellon Alternative Investment Services, said:  “Managers remain under pressure to deliver concise and transparent information to investors against a backdrop of both ongoing volatility and regulatory uncertainty. As a result, hedge funds continue to look to a third party fund administrator they can trust and which can offer the flexibility and the depth and breadth of services to accommodate their individual tailored requirements.”