BNY Mellon has been appointed as a provider of global hedge fund custody services by the Capula Global Relative Value Master Fund, the flagship fund investment managed by Capula Investment Management.

Neil McCallum, chief operating officer at Capula Investment Management, says: “We selected BNY Mellon as a global custodian as in the current economic environment it is important - to both the firm and to its clients - to have a provider with the financial stability to ensure the safekeeping of our assets.”

David Aldrich, managing director and head of alternative investment services EMEA at BNY Mellon, says: “BNY Mellon is committed to helping our hedge fund clients reduce their counterparty risks. Our appointment gives Capula an additional custody option with a custodian of recognised quality.”