Feb. 1, 2012, 9:45 a.m. EST
Article from Market Watch
NEW YORK, Feb 01, 2012 (BUSINESS WIRE) -- Arden Asset Management LLC, a leading independent fund of hedge funds manager, has selected HedgeMark Risk Analytics LLC, a division of HedgeMark International LLC, to provide position level risk reporting and data aggregation, it was announced today. Arden made its decision following an extensive review of industry risk specialists.
HedgeMark Risk Analytics is jointly led by Andrew Lapkin and Tom Brown. Mr. Lapkin is a globally recognized pioneer in hedge fund risk management, and came to HedgeMark more than a year ago from Measurisk, a firm he co-founded in 1998. Mr. Brown, a founding member of HedgeMark, joined in 2009 from Nuveen. Prior to Nuveen, Mr. Brown led the risk analytics technology team at Wilshire Associates.
In addition to the selection of HedgeMark Risk, Arden has also entered into a Letter of Intent to utilize the HedgeMark Managed Funds and Managed Account platforms for customized client solutions and specific client mandates. The HedgeMark managed funds platform provides many valuable features including daily risk reporting and data aggregation, as well as a comprehensive range of fully integrated fiduciary services.
Averell Mortimer, Founder and CEO of Arden, said, "We have been following HedgeMark's entry into the marketplace over the past two years and have been very impressed with the company's commitment to innovative technology applications and client service. Knowing that Andrew Lapkin is co-leading the risk team made our decision that much easier. As customized accounts and bespoke mandates become increasingly important to our clients, the ability to seamlessly integrate our investment and risk management strategies with daily, position level reporting, will significantly enhance the range of services and capabilities we can offer those investors."
"Arden is a globally recognized leader in the world of alternative investment management, with a long-standing commitment to risk management and best practices," said Kenneth Phillips, Founder and CEO of HedgeMark. "We are extremely pleased with this vote of confidence in the technology, people and related capabilities offered by HedgeMark. This decision further validates our value proposition as both a risk analytics company and sponsor of managed funds and segregated accounts."
HedgeMark was founded in 2009 and is an affiliate of The Bank of New York Mellon Corporation (BNY Mellon). HedgeMark is the registered trademark of HedgeMark International LLC.
Arden was founded in 1993 and has offices in New York and London.
About Arden
Founded in 1993, Arden is a leading independent global fund of hedge funds investment management company with approximately $7.0 billion under management and offices in New York and London. Arden's institutional and high net worth investors include taxable and non-taxable clients from the United States, Canada, South America, the United Kingdom, Europe, Australia, Japan and Asia ex-Japan. More information is available at www.ardenasset.com .
About HedgeMark
Founded in 2009 with offices in New York, Los Angeles and Coimbatore India, the HedgeMark platform supports a broad range of institutional investors and fund managers, including pensions, endowments, foundations and funds of hedge funds. HedgeMark is an affiliate of The Bank of New York Mellon Corporation ("BNY Mellon"). BNY Mellon is the world's largest custodian of institutional financial assets with nearly US$27 trillion under custody, and currently the only major financial institutional in the US with an Aaa rating. BNY Mellon is a global leader in providing a comprehensive array of services that enable institutions and individuals to manage and service their financial assets in more than 100 markets worldwide. More information is available at www.hedgemark.com .
DISCLAIMER
THIS DOCUMENT HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY. NOTHING HEREIN SHOULD BE CONSTRUED AS EITHER AN OFFER OR SOLICITATION TO BUY ANY SECURITIES OR INVESTMENT SERVICES OF ANY KIND. HEDGEMARK INTERNATIONAL, LLC IS THE PARENT COMPANY OF THE HEDGEMARK COMPANIES AND IS NOT REGULATED OR APPROVED BY ANY GOVERNMENTAL OR SELF-REGULATORY AGENCY. HEDGEMARK RISK ANALYTICS, LLC ("HMRA") IS A WHOLLY OWNED SUBSIDIARY OF HEDGEMARK INTERNATIONAL, LLC AND IS INVOLVED IN THE DEVELOPMENT OF PORTFOLIO MANAGEMENT SOFTWARE APPLICATIONS. HMRA IS NOT REGISTERED AS AN INVESTMENT ADVISOR IN ANY JURISDICTION AND HAS NOT BEEN APPROVED BY ANY GOVERNMENTAL OR SELF-REGULATORY AGENCY, AND DOES NOT DIRECTLY PROVIDE INVESTMENT OR INVESTMENT RELATED ADVICE.
TO THE EXTENT HEDGEMARK INTERNATIONAL, LLC OWNS COMPANIES THAT ARE INVOLVED IN THE MANAGEMENT OF INVESTMENTS OR THE PROVISION OF INVESTMENT ADVISORY SERVICES, THIS DOCUMENT IS NOT INTENDED TO OFFER SUCH SERVICES. THESE INFORMATIONAL MATERIALS DO NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITIES AND MAY NOT BE RELIED UPON IN CONNECTION WITH ANY OFFER OR SALE OF SECURITIES. THE INFORMATION PROVIDED HEREIN DOES NOT PURPORT TO BE ACCURATE OR COMPLETE. IF AND WHEN ANY SECURITIES OFFERING MATERIALS ARE DEVELOPED BY THE HEDGEMARK COMPANIES, INFORMATION ABOUT THE INVESTMENT OBJECTIVES, TERMS AND CONDITIONS OF SUCH AN INVESTMENT, INCLUDING AND WITHOUT LIMITATION ANY AND ALL TAX INFORMATION AND RISK DISCLOSURES THAT ARE IMPORTANT TO ANY INVESTMENT DECISION, WILL BE PROVIDED THROUGH AN OFFERING MEMORANDUM. SUCH OFFERING MEMORANDUM WILL BE PROVIDED ONLY TO QUALIFIED PERSONS AS DEFINED PURSUANT TO US SECURITIES REGULATIONS. ANY INFORMATION HEREIN IS QUALIFIED IN ITS ENTIRETY BY SUCH OFFERING MEMORANDUM, WHICH SHOULD BE READ COMPLETELY BEFORE CONSIDERING OR MAKING ANY INVESTMENT.
HEDGEMARK IS THE REGISTERED TRADEMARK OF HEDGEMARK INTERNATIONAL LLC, NEW YORK, USA. ALL RIGHTS ARE RESERVED.
MacMillan Communications
Mike MacMillan/Chris Sullivan
212-473-4442
chris@macmillancom.com
Article from Market Watch
