EUROPE - The Bank of New York has been appointed hedge fund administrator by the Kallista Credit Arbitrage Fund, a Cayman domiciled fund listed on the Irish stock exchange.
The fund is advised by French hedge fund manager ADi Alternative Investments and will be administered by AIB/BNY Fund Management (Ireland) Limited – the joint venture of Allied Irish Banks and The Bank of New York in Dublin.
David Aldrich, head of securities industry banking in Europe for The Bank of New York, said: “[The appointment] illustrates our commitment to the alternatives industry and underlines the quality of systems and staff required to provide first class client service to a wide variety of investment strategies, wherever they are domiciled.”
Globally, The Bank of New York Alternative Investment Services team services over 200 funds with US$51.4bn in net assets as at December 2004.
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