Pershing adds HF data platform to investment center
09 June 2016 Orlando, Florida
Image: Shutterstock
BNY Mellon subsidiary Pershing has added AltX, a hedge fund intelligence platform to its Alternative Investment Center.
The Alternative Investment Center is accessed via NetX360 and provides advisors with educational resources, research and tools to help inform their alternative investment strategies.
Pershing said it aimed for the addition of AltX to help advisors evaluate hedge fund investment opportunities by providing them access to hedge fund market data, insights and analytics.
AltX analyses more than 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.
AltX joins existing service providers such as Morningstar and Blue Vault Partners on the platform, along with other educational resources such as comparison and screening tools, whitepapers and commentary from alternative investment managers.
"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 exchange traded funds.
"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."
The Alternative Investment Center currently has more than 38,000 entitled users in NetX360 across more than 230 broker-dealers and more than 500 registered investment advisors, providing custody support for over 2,000 alternative investments.
The Alternative Investment Center is accessed via NetX360 and provides advisors with educational resources, research and tools to help inform their alternative investment strategies.
Pershing said it aimed for the addition of AltX to help advisors evaluate hedge fund investment opportunities by providing them access to hedge fund market data, insights and analytics.
AltX analyses more than 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.
AltX joins existing service providers such as Morningstar and Blue Vault Partners on the platform, along with other educational resources such as comparison and screening tools, whitepapers and commentary from alternative investment managers.
"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 exchange traded funds.
"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."
The Alternative Investment Center currently has more than 38,000 entitled users in NetX360 across more than 230 broker-dealers and more than 500 registered investment advisors, providing custody support for over 2,000 alternative investments.
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