June 8, 2016
Provides access to hedge fund market data to inform investment strategies
Pershing LLC, a BNY Mellon company, announced today at its INSITE 2016 conference that it has added the hedge fund intelligence platform, AltX, to its Alternative Investment Center. Accessible through NetX360®, Pershing’s Alternative Investment Center provides advisors access to educational resources, research and tools to help inform their alternative investment strategies. The addition of AltX will help advisors evaluate hedge fund investment opportunities by providing them access to hedge fund market data, insights and analytics.
As part of the Pershing and AltX relationship, AltX analyzes over 300 private funds across 26 metrics such as strategy, assets under management (AUM), historical returns, and additional subscription, redemption and regulatory information and provides the integrated data directly into NetX360. The platform also delivers daily hedge fund-related news and printable fund reports to clients.
“We’ve seen continued demand from advisors serving high-net-worth investors to access hedge funds, with hedge fund and fund of fund assets making up over a quarter of the alternative investment assets on Pershing’s platform,” said Justin Fay, Pershing’s director of Financial Solutions, Alternative Investments and ETFs. “We added AltX to address this demand and help serve our clients more effectively by providing them with the tools and education they need to make well informed decisions as they explore hedge fund opportunities for their suitable clients.”
AltX’s addition to the Alternative Investment Center complements research already available on the platform from Morningstar and Blue Vault Partners and other educational resources such as comparison and screening tools, whitepapers and commentary from leading alternative investment managers.
The Alternative Investment Center currently has over 38,000 entitled users in NetX360 across more than 230 broker-dealers and over 500 registered investment advisors, providing custody support for over 2000 Alternative Investments.
Pershing’s presence in the alternative space also extends to its prime brokerage business. Over the past several years, Pershing Prime Services has been active in providing traditional hedge funds and alternative ’40 Act funds with solutions to manage their businesses and implement their portfolio strategies.
AltX is the go-to intelligence platform for the alternatives market. AltX combines innovative science, technology, relational and behavioral data, with traditional financial analytics and regulatory data, to deliver superior manager and market insights, and to help users make smarter investment decisions. Access to more than one million data points, including over 70,000 hedge fund personnel profiles and 20,000 funds, superior analytics, real time news and relationship mapping helps both investors and hedge funds achieve greater transparency and oversight of their investments, in addition to identifying more compatible investment relationships and opportunities. The AltX user base is made up of investment professionals from hedge funds, investment banks, pension funds, endowments, asset managers, family offices and more. AltX was founded in 2012, and is headquartered in San Francisco. For more information about AltX, go to www.GetAltX.com.
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 offices worldwide, Pershing provides business-to-business solutions to clients representing approximately 7 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. As of December 31, 2018, BNY Mellon had $33.1 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.