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BNY Mellon’s Pershing adds five new managers to Nexus Funds solution

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Pershing Limited, a BNY Mellon company, has further enhanced its Nexus Funds solution with the addition of five fund providers. The additions of Artemis Fund Managers, Baillie Gifford & Co, JP Morgan Funds, Marlborough Fund Managers and Old Mutual Fund Managers bring the total number of fund providers to 43 and the total number of funds available to 1400.

Nexus Funds is a straight-through processing, no transaction fee mutual fund solution which simplifies trading and investing for Pershing clients and their investors. Dealing, settlement and custody fees on new assets are waived for eligible deals that utilise the solution. For funds traded through the Nexus Funds solution, Pershing offers guaranteed contractual settlement and consolidated trailer fee payments as well as a single access point to global funds, reducing time delays, potential for errors, and the overall cost of fund dealing.

"The addition of five more fund providers to our Nexus Funds platform demonstrates our commitment to offering our clients greater access to investment solutions to help their investors meet their financial goals," says Lloyd Williamson, managing director, Product and Client Technology Solutions at Pershing Limited. "We look forward to further expanding our Nexus Funds and the choices it offers to our clients."

The Nexus Funds solution is fully integrated with Pershing’s proprietary technology platform, Nexus, which provides Pershing’s clients with a range of investment solutions to support their front to back office business requirements.
 

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