Opalesque Industry Update –
Co-Founder and former President and COO of Measurisk, LLC will have responsibility
for the selection, due diligence and monitoring of funds on the HedgeMark platform. |
(“HedgeMark”) announced today that Andrew S. Lapkin has been named President and Chief Operating Officer of HedgeMark Institutional Consultants LLC, a wholly-owned subsidiary. In his new role, Lapkin will be responsible for the selection, due diligence, and monitoring of funds on the companyʼs managed accounts platform. One of the leading figures in the global hedge fund risk management industry, Lapkin co-founded Measurisk in 1999 and oversaw the development and implementation of the companyʼs industry-leading risk systems. He subsequently served as President and Chief Operating Officer at Bear Measurisk, LLC and, following the sale of that company to J.P. Morgan, of Measurisk, LLC.
“Andrew has been a central figure in the development and implementation of the systems necessary to properly understand and monitor hedge fund risk and performance utilizing transparency-based holdings characteristics,” said Kenneth S. Phillips, Chief Executive Officer and Founder of HedgeMark. “He brings a tremendous depth of experience across a broad range of hedge fund strategies, risk management techniques, and securities analysis to our company. We are extremely pleased to have him join our team.”
“Ken and his colleagues have built a cutting edge platform that addresses the key issues of concern to hedge fund investors: transparency, liquidity, control, governance and risk management,” said Mr. Lapkin. “I am thrilled to be joining the team here at HedgeMark and look forward to contributing to the companyʼs growth.”
Prior to starting Measurisk, Lapkin was a Vice President in risk management services at Bankers Trust Company. He began his career at Andersen Consulting. Lapkin is a graduate of Lafayette College and holds a Masters of Business Administration from Columbia Business School.
HedgeMark offers the first comprehensive, end-to-end hedge fund managed accounts platform. The platform features a fully integrated suite of technology modules that includes platform fund due diligence, portfolio construction and back-testing, holdings-based risk analytics and reporting, stress test analytics, and a comprehensive compliance surveillance engine. Through the HedgeMark platform, investors can access a broad range of pre-approved funds and strategies. The platform then allows users to build, analyze, and monitor their diversified alternative investments with the option of integrating and aggregating this position-based data with their traditional investments.
Founded in 2009 with offices in Los Angeles and New York, the HedgeMark platform supports a broad range of institutional investors and fund managers, including pensions, endowments, foundations and funds of hedge funds. More information is available at www.hedgemark.com