Global Custodian Hedge Fund Annual 2018 | Page 59

[ S U R V E Y | H E D G E F U N D A D M I N I S T R AT I O N ] BNY Mellon Alternative Investment Services G exception/delays/issues”), others are not (“There is no under- lobal custodian banks appeal to managers who like the standing of local laws. They insist only on their own country spread of services to include banking and finance, and law”). In coupling excellence to growth, much will depend on value asset safety and sound counterparties. Administration finding the right combination of technology and service. clients have cash and stock borrowing needs that BNY Mellon Weighted Weighted average average scores scores can meet, not least by intermediating loans advanced by 2016 other 5.33 2016 5.33 2016 2016 2017 2017 2018 2018 clients. The “prime custody” service the bank has 2017 developed, 2017 5.23 5.23 5.33 5.33 5.23 5.23 5.87 5.87 PROFILE OF RESPONDENTS which offers traditional custody plus a higher level 2018 of customer 2018 5.87 5.87 service, aims to meet that sort of need. So it is no surprise to Respondent profile Respondent profile find BNY Mellon scoring well in banking, operations, the mid- Large fund By size By location Large dle-office and cyber-security, and not-so-well in fund process-driven 26% 26% managers managers depositary services (“Slow response to