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BNY Mellon Completes Hedge Fund Services Firm Acquisition
BNY Mellon has completed its previously announced purchase of HedgeMark International, which provides hedge fund managed account and risk analytic services.
BNY Mellon has completed its previously announced purchase of HedgeMark International, which provides hedge fund managed account and risk analytic services.
Financial terms of the transaction were not disclosed in a press release issued by the bank yesterday.
As part of the acquisition, HedgeMark will become part of BNY Mellon's Asset Servicing business.
The agreement to acquire BNY Mellon's remaining 65 per cent interest of HedgeMark was announced in February. BNY Mellon had held a 35 per cent ownership stake in the firm since 2011.
