For the third consecutive year, BNY Mellon’s HedgeMark business was named ‘Best Managed Accounts Platform’ at the annual Hedgeweek Global Awards, presented March 3 in London. The event gathered many of the leading players in the global hedge fund industry to celebrate performance excellence and achievements of top-performing managers and service providers in 2016. Hedgeweek presented awards to more than 50 firms at the event.
"We are of course honored to be recognized again this year by Hedgeweek and our peers in the alternative investments industry," said Andrew Lapkin, HedgeMark CEO. "Receiving this recognition for a third consecutive year underscores the fact that our team continues to build repeatable capabilities that we can offer institutional investors in support of hedge fund managed account programs."
Award recipients were determined by Hedgeweek's subscribers, investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors.
HedgeMark specializes in supporting institutional clients in the development and operation of their own private hedge fund dedicated managed account (DMA) platforms. HedgeMark’s DMA services and position-level risk and performance analytics are aimed at institutional investors seeking increased customization, transparency, control and governance around their hedge fund investments.
Founded in 2009, HedgeMark became a wholly owned subsidiary of BNY Mellon in May 2014. HedgeMark is part of the firm’s Asset Servicing business and works closely with a number of its groups, including Global Risk Solutions and Alternative Investment Services.
The award was based upon the HedgeWeek 2017 Global Awards survey whereby HedgeWeek readers were asked to nominate the best hedge fund performers and service providers for the twelve month period ending November 30, 2016. The survey is conducted on a confidential basis and respondents may or may not include HedgeMark clients. The results of this survey may not be representative of any one HedgeMark client's experience.