BNY Mellon’s HedgeMark business was named ‘Best Managed Accounts Platform’ at the sixth annual Hedgeweek Awards, presented March 6 in London. The event brought together leading names in the global hedge funds industry to celebrate the achievements of the top-performing managers and service providers in 2014.
Award recipients were determined by Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at fund administrator, prime broker, global custodian, and law and advisor firms.
"We’re honored to receive this award from Hedgeweek, a premier voice in the alternatives industry," said Andrew Lapkin, HedgeMark CEO. "At HedgeMark, we continue to build on the significant capabilities we can offer institutional clients in support of hedge fund managed accounts programs."
BNY Mellon acquired HedgeMark International, LLC, a provider of hedge fund managed account and risk analytic services, in May 2014. HedgeMark is now part of BNY Mellon’s Asset Servicing business and aligned with a number of its operating units, including Global Risk Solutions and Alternative Investment Services.