Will provide fund administration services for the Tribridge Asian Special Situations Fund

HONG KONG, 9 November 2009 — 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.

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.