BNY Mellon’s HedgeMark International, a provider of hedge fund managed account and risk analytic services, has deployed Axioma’s multi-asset class risk-management platform Axioma Risk.
The integration of Axioma Risk will enable HedgeMark to process reports efficiently to compute more analytics on a wider range of assets.
HedgeMark will utilize Axioma Risk on more than 35,000 securities every night and 250,000 securities for month-end reporting. Currently, the platform is calibrated to calculate more than 1,000 distinct statistics, which includes hundreds of scenarios and stress tests across five different global market simulation sets.
HedgeMark CEO Andrew Lapkin said: "As our clients increasingly look for customization options for their hedge fund investments, it’s critical that we employ flexible technology that can accommodate the layer of complexity this adds to managing risk.
"Axioma’s modular cloud-based platform was clearly the best solution for us to deliver detailed risk analysis on global multi-asset class portfolios for our clients."
Axioma CEO Sebastian Ceria said: "Axioma Risk is a purpose-built multi-asset class risk platform that leverages the latest technology to deliver unparalleled performance and flexibility, which is precisely why forward-thinking industry leaders like HedgeMark are implementing it."