Westport-based investment management company Bridgewater Associates has picked Bank of New York Mellon Corp. (BNY Mellon) as its outsourcing services provider. The global investment management and services leader will provide middle- and back-office outsourcing services to the firm for about $125 billion of assets. A fully integrated data warehouse, trade processing, portfolio accounting and derivatives processing will be among the services provided.
BNY Mellon’s dedicated outsourcing platform BNY Mellon OnCore(SM) will also help Bridgewater in delivery of diversified alpha and beta strategies to its clients. As part of this mandate, about 100 Bridgewater employees based in Westport will shift to BNY Mellon and become a part of its asset servicing unit.
Click here for the release from PR Newswire.