An Affiliated Managers Group (AMG) fund family has tapped the Bank of New York to provide mutual fund accounting, securities lending and global custody services for its Managers and Managers AMG families of funds.

The contract was awarded for 21 funds with roughly $3 billion in assets, according to Thomas J. Perna, senior executive vice president of The Bank of New York (BONY).

Peter M. Lebovitz, president and chief executive officer of The Managers Funds said that BONY was selected based on its "proven ability to provide best-of-breed solutions that address our servicing needs." He added that BONY's flexible reporting capabilities were especially important in the final decision.

The Managers funds are headquartered in Norwalk, Connecticut.  

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