Krusen Capital Management, the New York-based SEC-registered investment adviser, has selected the HedgeMark Managed Account Platform.
Krusen will use HedgeMark, an affiliate of BNY Mellon, to provide its clients with access to hedge fund transparency and risk reporting tools.
HedgeMark’s risk analytics technologies support its evolving hedge fund managed account programme. HedgeMark’s core services include daily risk reporting, data aggregation and a range of fully integrated fiduciary services.
Charles Krusen (pictured), chief executive, sees a paradigm shift in traditional portfolio management, with hedge funds increasingly being used to reduce overall portfolio volatility while enabling investors to achieve more consistent returns. An enhanced fund due diligence process, supported by daily compliance and risk monitoring of HedgeMark funds, helps support Krusen’s goals.
“Our relationship with HedgeMark allows our clients to integrate all of their portfolio risks, both traditional asset class holdings and previously opaque hedge fund positions, into a single system, thus combining access to leading managers, with a structure designed to ensure proper controls and governance, transparency, comprehensive risk and performance analytics, and enhanced client reporting,” says Krusen.
The HedgeMark platform addresses investor concerns regarding hedge fund transparency, liquidity, ownership of assets, pricing of portfolios, compliance with investment guidelines and risk monitoring, all issues that came to light in the financial crisis of 2008.
“The HedgeMark platform will provide our clients with actionable intelligence to make better informed decisions on their hedge fund investments,” Krusen says.
“Krusen’s commitment to best practices aligns well with HedgeMark’s values,” says Ken Phillips, founder and chief executive of HedgeMark. “We look forward to working with Krusen Capital to provide its clients with an improved approach to hedge fund investing, and investment standard that we believe will be broadly replicated by other experienced investors in years to come.”
