OREANDA-NEWS. For the second consecutive year, BNY Mellon’s HedgeMark business was named ‘Best Managed Accounts Platform’ at the annual Hedgeweek Global Awards, presented February 26 in London. The event brought together leading names in the global hedge fund industry to celebrate the achievements of top-performing managers and service providers in 2015.

"We’re honored to be recognized again this year by Hedgeweek and our peers in the alternative investments industry," said Andrew Lapkin, HedgeMark CEO. "We’re seeing accelerated interest in using dedicated managed accounts as a way to invest in hedge funds, and our team continues to build on the capabilities 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.