Pershing Invests in HedgeMark International

Pershing, a division of BNY Mellon, has made a non-controlling investment in HedgeMark International and has the right to acquire the hedge fund managed accounts platform provider over time. The companies did not disclose the amount of the investment.

HedgeMark says it offers the first comprehensive, end-to-end hedge fund managed accounts platform including a fully integrated suite of modules that include fund due diligence, portfolio construction and back-testing, holdings-based risk monitoring, stress test analytics and comprehensive compliance surveillance engine.

“HedgeMark is redefining 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.

“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 HedgeMark CEO Kenneth S. Phillips. “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.”

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Money Management Executive
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