Mon, Feb 19, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

BNY Mellon's Pershing unit invests in HedgeMark with rights to acquire firm over time

Tuesday, February 01, 2011

Richard F. Brueckner
Opalesque Industry Update - Pershing LLC, a BNY Mellon company, and HedgeMark International, LLC announced today that Pershing has made a non-controlling investment in HedgeMark and obtained rights to acquire HedgeMark over time.

HedgeMark offers the first comprehensive, end-to-end hedge fund managed accounts platform in recognition of the substantial institutional demand for alternative investments. HedgeMark's platform features a fully integrated suite of technology modules that include fund due diligence, portfolio construction and back-testing, holdings-based risk monitoring, stress test analytics and a comprehensive compliance surveillance engine. Through the HedgeMark platform, investors can build, analyze and monitor a diversified portfolio of alternative investments while integrating and aggregating alternative and traditional investment risk data.

"HedgeMark is re-defining the role of hedge funds in the managed accounts industry for both institutional and qualified investors and asset managers," said Richard F. Brueckner, chairman of Pershing LLC, "HedgeMark has built an investment solution that speaks to the fiduciary demands of our most sophisticated institutional clients by integrating due diligence, portfolio construction, risk management and multiple levels of position-based monitoring and reporting. These capabilities complement Pershing's core managed account strategy, recently enhanced with the acquisition of PNC Managed Investments, which focuses on providing managed account solutions for broker-dealers and investment advisors to enable them to service their retail and high-net-worth clients."

A recent study conducted by Greenwich Associates and sponsored by Pershing titled "Transparency and Liquidity: The Growth of Separately Managed Accounts in the Hedge Fund Industry" highlighted the growing demand for a better model for investors.

"Transparency, liquidity, control and governance, supported by a robust risk monitoring engine, are the baseline requirements for successful hedge fund investing in today's world," said Kenneth S. Phillips, chief executive officer and founder of HedgeMark. "The HedgeMark platform was built to help financial institutions meet the emerging fiduciary standards, providing what we believe to be the industry's leading suite of tools for building and managing diversified portfolios and monitoring risk."

HedgeMark was founded in 2009 and has 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. Additional information is available at www.hedgemark.com.

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Chenavari, a $5.4bn hedge fund, told investors it thinks 'we could experience a similar pattern as the 1987 crash'[more]

    From Businessinsider.com: A $5.4 billion hedge fund told clients markets could tumble just like they did in the 1987 crash. In a February 14 letter to clients, London-based Chenavari Investment Managers warned about current market conditions. From the letter (emphasis added): "Our view is that

  2. Investing - Hedge fund Bridgewater makes $22 billion bet against European firms, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter, Tepper's Appaloosa boosts Apple, Facebook as others bolt, Third Point buys Netflix and MGM, dumps Bank of America, Moore Capital bought Wynn Resorts, other casino stocks before Steve Wynn resigned[more]

    Hedge fund Bridgewater makes $22 billion bet against European firms From Reuters/USNews.com: Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest

  3. Funds Profiles - Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed, How a 6,000% profit on a single trade saved a small hedge fund from disaster[more]

    Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed From Valuewalk.com: When Jeremy and Michael Kahan consider the notion of diversification, the wince. With a return of 45.8% to end 2017, their stock-picking fund, North Peak Capital, successfully

  4. Investing - Hedge funds hook shipping stocks grappling for recovery, Small cap hedge funds offer alternative for cannabis investing, Top stock-picking hedge funds love gaming, health care and media shares, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter[more]

    Hedge funds hook shipping stocks grappling for recovery From Hellenicshippingnews.com: Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial f

  5. Outlook - Eaton Vance: Retail volatility products 'the tip of the iceberg' in market turmoil, Quadratic Capital says markets to remain turbulent for some time[more]

    Eaton Vance: Retail volatility products 'the tip of the iceberg' in market turmoil From CNBC.com: While a lot of attention has been paid to retail volatility products that contributed to the recent sell-off, those securities are "just the tip of the iceberg," Eddie Perkin, chief equity i