BNY Mellon Introduces Risk Management Service

BNY Mellon announced the launch of BNY Mellon Risk View.

Risk View combines data, visualization technology, and asset-specific expertise in a tool that can serve as a foundation for enhanced risk management. It is based on an approach to collecting, normalizing and managing investment data from multiple sources.   

Available through the company’s Global Risk Solutions group, Risk View delivers extended transparency across all asset classes, including alternatives and derivatives. The service is designed for asset owner clients with a significant allocation to alternative investments, including hedge funds, funds of hedge funds, private equity, real estate and others.  

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“A still-volatile investment climate and greater regulatory oversight have institutional investors demanding extraordinary levels of transparency into their investments,” said Debra Baker, head of Global Risk Solutions at BNY Mellon. “Still, transparency is just the first important step in the risk management process. Another key component is accumulating data across asset classes.”

DOL Offers Resources for Participants About Fees

The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) has resources for participants to learn about plan fees.

On its “Understanding Your Retirement Plan Fees” page, the agency links to webcasts, videos, FAQs and other presentations about retirement plan fees and fee disclosures.  

One publication describes some of the key information participants receive in fee disclosures from plan sponsors and provides tips on using this information in evaluating investment choices in the plan.  

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The EBSA’s “Understanding Your Retirement Plan Fees” website is at http://www.dol.gov/ebsa/publications/understandingretirementfees.html.

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