BNY Mellon Awarded Hedge Fund Administration Mandate by Tribridge Investment Partners

BNY Mellon Awarded Hedge Fund Administration Mandate by Tribridge Investment
Partners
Will provide fund administration services for the Tribridge Asian Special
Situations Fund

HONG KONG, Nov. 9 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in
asset management and securities servicing, has announced that its Alternative
Investment Services business has been selected by Tribridge Investment
Partners ("Tribridge") as fund administrator for its new hedge fund, Tribridge
Asian Special Situations Fund, which launched in September.

The Tribridge Asian Special Situations Fund will invest in stressed and
distressed credits across Asia Pacific, including Australia, New Zealand and
Japan. Fundamental credit research will be used to identify mis-priced /
undervalued securities due to either financial stress or the probability of a
corporate event. There will be no investments in private equity or direct
lending. This fund will join Tribridge's stable of four other funds bringing
total firm assets to US$312 million.

"Now, more than ever, it is important that hedge funds have the strongest
reporting platforms in place which provide transparency and accuracy," said
Steven Sun, Head of Marketing and Business Development, Tribridge Investment
Partners. "We take our reporting commitments very seriously therefore the
selection of a strong third party administrator was a critical decision. We
chose BNY Mellon because of their strong technology investment programme and
proven record in respect of service standards, client focus and relationship
management both in Asia and worldwide."

"We believe Tribridge is an exciting company to be partnering with and working
with them on the launch of the Tribridge Asian Special Situations Fund has
been a great opportunity for us," said Andrew Gordon, executive vice
president, Head of Alternative Investment Services for Asia at BNY Mellon.
"We are pleased to be able to continue to ensure the operational success of
hedge funds originating in Hong Kong. Our appointment confirms that the
solutions we are providing to the Asia Pacific hedge fund industry remain at
the forefront of the market."

Commenting on the growth opportunities for Asian hedge funds, Gordon added:
"In a study we conducted earlier this year, nearly 70% of Asian investors
stated that the rationale for investing in hedge funds - as a source of
diversification and alpha-beta separation - was still valid. As the region
starts to lead the world out of the current downturn and positive investor
sentiment returns, we expect Asian hedge funds will attract a wave of new
money with locally based managers, like Tribridge, in the best position to
capture those opportunities."

BNY Mellon is a leading hedge fund administrator with more than $200 billion
in assets under administration and, together with its affiliates, maintains an
extensive global presence, including locations in Bermuda, Cayman Islands,
Hong Kong, Ireland, Luxembourg, Singapore and the United Kingdom, as well as
US offices in California, Florida, Massachusetts, New Jersey, New York,
Pennsylvania and Texas. In addition to hedge fund administration the company
offers a wide range of accounting, cash management, collateral management,
custody, corporate trust, asset management and wealth management services to
the hedge fund industry.

Notes to editors BNY Mellon is the corporate brand of The Bank of New York
Mellon Corporation. BNY Mellon is a global financial services company focused
on helping clients manage and service their financial assets, operating in 34
countries and serving more than 100 markets. BNY Mellon is a leading provider
of financial services for institutions, corporations and high-net-worth
individuals, providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services through a
worldwide client-focused team. It has $22.1 trillion in assets under custody
and administration and $966 billion in assets under management, services $11.9
trillion in outstanding debt and processes global payments averaging $1.6
trillion per day. Additional information is available at www.bnymellon.com.

SOURCE BNY Mellon

Louisa Bartoszek of BNY Mellon, +44-20-7163-2826, or
louisa.bartoszek@bnymellon.com