BNY Mellon extends middle-office outsourcing to Asia hedge funds

BNY Mellon has launched middle-office outsourcing services to hedge funds in Asia in response to a global trend of increased investor demand for transparency. “We think that there is good demand for it [in the region],” says Andrew Gordon, head of BNY Mellon’s Alternative Investment Services division in Asia. He notes that “many of the hedge funds in Asia are light on infrastructure” and are seeking viable service providers to outsource their operational functions. “They don’t w…