Josh Kestler, president and COO of HedgeMark, a BNY Mellon Company, discusses how Dedicated Managed Accounts can provide a mechanism to address key issues and ultimately improve and enhance the hedge fund investing experience.
Josh Kestler, president and COO of HedgeMark, a BNY Mellon Company, discusses how Dedicated Managed Accounts can provide a mechanism to address key issues and ultimately improve and enhance the hedge fund investing experience in The Long View: Can dedicated managed accounts keep investors interested in hedge funds?
An investment in hedge fund strategies is speculative, should be discretionary capital set aside for speculative purposes, involves a high degree of risk and is not suitable for all investors. Investors could lose all or a substantial portion of their investment and must have the financial ability, sophistication, experience and willingness to bear the risks of an investment long term. Hedge fund strategies may be significantly leveraged and performance may be volatile. Accounts pursuing hedge fund strategies commonly enter into swaps, futures, forwards, options and other derivative transactions for various hedging and/or speculative purposes that can result in volatile fund performance.
No representation is made that any Dedicated Managed Account’s investment process, objectives, goals or risk management techniques will or are likely to be achieved or be successful or that any Dedicated Managed Account or any underlying investment will make any profit or will not sustain losses. The risks of investing in hedge fund strategies will not be negated or even mitigated by HedgeMark’s platform, analytic tools, compliance policies or monitoring and no assurance is given that any Dedicated Managed Account will not be exposed to risks of significant trading losses.
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Chief Operating Officer, HedgeMark
Joshua Kestler, chief operating officer, joined HedgeMark in 2012. He previously spent eight years at Deutsche Bank where he was responsible for managed account operations in the US for the alternatives hedge fund managed account platform and was chief administrative officer for DB Advisors Hedge Fund Group. He also previously worked as an associate in the Investment Management Group of the law firm, Schulte Roth & Zabel LLP.View Profile