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Alternative Market Briefing

HedgeMark closes in on $17bn in platform assets, surpasses 100 active client accounts

Tuesday, September 25, 2018

Laxman Pai, Opalesque Asia:

The hedge fund dedicated managed account (DMA) platform unit of BNY Mellon, HedgeMark Advisors, has announced that it recently surpassed 100 active client DMA funds, marking a significant milestone in the firm's growth since beginning its service in September of 2012.

A press release from the company revealed that as of August 31, 2018, HedgeMark now services $16.9bn in client platform assets.

It said that HedgeMark specializes in supporting institutional clients in the development and operation of their own private hedge fund DMA platforms.

"While some platform providers focus their businesses on managing proprietary products, HedgeMark's business is exclusively dedicated to implementing and operating platforms for institutional investors," claimed the company.

In recent years have seen the rapid growth of AUM in hedge fund managed accounts, and increasing popularity of such structures with institutional investors. Industry surveys consistently show that these investors value managed accounts as a tool to lower fees and expenses, increase control and improve transparency.

The option to outsource the set-up and day-to-day operations of DMAs to an organization like BNY Mellon has facilitated an increase in institutional adoption of these fund structures, it said.

Andrew Lapkin, CEO of HedgeMark claimed: "We are extremely proud of how quickly we have established HedgeMark as the leader in providing dedicated m......................

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