BNY Mellon Asset Servicing, a provider of securities servicing, has been selected by Schafer Cullen Capital Management and Cullen Funds Trust to provide custody, fund accounting and fund administration for Cullen Funds Trust mutual funds and hedge fund administration for Schafer Cullen’s hedge funds. The total assets that will be serviced by BNY Mellon are approximately $500 million.
James Cullen, President of Schafer Cullen and Cullen Funds, said: We believe that BNY Mellon’s dedication to providing top-flight service for our mutual funds and hedge funds will benefit our shareholders and enable us to maintain our focus on research and portfolio management for our value equity investment strategies.”
Joseph Keenan, Managing Director and Head of Relationship Management at BNY Mellon Asset Servicing, said: “We continue to be awarded business because of our reputation for providing service. Also, our willingness to continually invest in technology has provided us with the ability to support clients who have a broad range of investment products.
BNY Mellon Asset Servicing offers clients globally asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services through The Bank of New York Mellon and other related companies.
