BNY Mellon has been appointed by GLG MMI, the fund of hedge fund division at GLG Partners Inc, as custodian and fund administrator for its entire fund of hedge fund business following a review. The company previously shared the business with another provider. Paul Harvey, founder and CEO of GLG MMI, said: "BNY Mellon's dedicated solution in the fund of hedge fund field and its commitment to the industry, through continued investment in best of breed technology, gives us and our investors the comfort that we have chosen a service provider with a keen eye to our ongoing needs, which is critical to our future growth ambitions."
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