BNY Installs Brueckner As HedgeMark's Non-Exec. Chairman

Aug 24 2011 | 11:24am ET

Hedge fund managed accounts platform HedgeMark International has taken another step towards integration with possible future parent Bank of New York Mellon.

The Los Angeles- and New York-based firm named BNY Mellon senior executive vice president Richard Brueckner its non-executive chairman. Brueckner also serves as chairman of BNY Mellon's Pershing unit, which in February became a major investor in HedgeMark with an option to take control of the platform over the next five years.

"HedgeMark has established a leadership role in addressing many of the major issues driving change in todayʼs alternative investing industry,” Brueckner said. “A focus on independent hedge fund governance, integrated with transparency and risk management, is of vital concern to institutional and high net worth investors, as well as regulatory agencies, worldwide."


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...