Pershing Wins Top Hedge Fund Award for the Third Year in a Row at HFMWeek Awards

October 22, 2012

JERSEY CITY, N.J., — Pershing LLC, a BNY Mellon company, today announced that its prime brokerage unit was named 'Best Prime Broker—Custodial Solution' for the third time in as many years at HFMWeek's US Hedge Fund Services Awards ceremony in New York.

The honor was awarded to Pershing following a vote by a panel of independent judges, which assessed entrants based on financial progress, growth and genuine innovation. A variety of factors led the panel to grant Pershing the award, including: excellent client service, consistency and ease of doing business. Pershing enhanced its offering this year with the launch of two innovative collateral management tools, PrimeConnect™ and PrimeConnect40™, which provide control and transparency to hedge fund and '40 Act fund customers with online, same-day collateral movement, which generates operational efficiencies and cost-savings.

"To be named Best Prime Broker—Custodial Solution three years in a row by HFMWeek is a great honor," said Gerry Tamburro, managing director of Pershing's prime brokerage unit. "We work every day to make our customers successful and we are extremely pleased to see that effort recognized with this award."

The HFMWeek award is the latest in a series of honors Pershing Prime Services has received this year. Pershing was named Best North American Prime Broker in the 2012 Hedgeweek Global Awards. The firm also received two top rated awards, five commendations and 41 "best in class" recognitions following the 2012 Prime Brokerage survey by Global Custodian.

About BNY Mellon's Pershing

BNY Mellon’s Pershing and its affiliates provide advisors, broker-dealers, family offices, hedge fund and ’40 Act fund managers, registered investment advisor firms and wealth managers with a broad suite of global financial business solutions. Many of the world’s most sophisticated and successful financial services firms rely on Pershing for clearing and custody, investment and retirement solutions, technology, enterprise data management, trading services, prime brokerage and business consulting. Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of 23 offices worldwide, Pershing provides business-to-business solutions to clients representing more than 6 million investor accounts globally. Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. Additional information is available on pershing.com, or follow us on Twitter @Pershing.

About BNY Mellon

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2017, BNY Mellon had $30.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.