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BNY Mellon's Pershing adds AltX platform to its Alternative Investment Center.

Global Banking News-June 10, 2016--BNY Mellon's Pershing adds AltX platform to its Alternative Investment Center

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Global Banking News - 10 June 2016

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Pershing Llc, a BNY Mellon company (NYSE: BK), has said that it will add the hedge fund intelligence platform AltX to its Alternative Investment Center.

Accessible through NetX360, Pershing's Alternative Investment Center provides advisors with access to educational resources, research and tools to help inform their alternative investment strategies. The addition of AltX will help advisors analyse hedge fund investment opportunities by providing them with access to hedge fund market data, insights and analytics.

'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.'

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, the company noted.

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Publication:Global Banking News (GBN)
Date:Jun 10, 2016
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