BNY Mellon’s HedgeMark Integrates Axioma Risk to Fortify Reporting Needs

HedgeMark has implemented Axioma Risk across its business, helping streamline its daily reporting capabilities.

Axioma, a provider of risk and portfolio management solutions for the financial services industry, has had its risk module integrated by HedgeMark International, LLC, a BNY Mellon company that caters to hedge fund dedicated clients, according to an Axioma statement,

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Axioma Risk is the company’s multi-asset class risk management platform that grants clients a number of different functions, including the support of risk reporting across several investment strategies. The module is gaining traction in the industry given the need to more appropriately grapple risk across portfolios amidst a shifting regulatory environment.

The integration of Axioma Risk by HedgeMark is important for the group as it allows it to more efficiently process reports in a more time conducive manner, which helps it compute more analytics across a wider spectrum of assets.

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In particular, HedgeMark utilizes Axioma Risk on over 35,000 securities every day with an additional 250,000 securities for month-end reporting. Presently, the platform has been calibrated to calculate over 1,000 distinct statistics, which includes hundreds of scenarios and stress tests across five different global market simulation sets.

Sebastian Ceria, CEO, Axioma
Sebastian Ceria, CEO, Axioma

According to Sebastian Ceria, Chief Executive Officer (CEO) of Axioma, in a recent statement on the assimilation: “Existing risk management solutions rely on legacy systems and technology that cannot meet the demands of modern multi-asset class investing. 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.”

“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,” said Andrew Lapkin, CEO of HedgeMark, in an accompanying statement.

Axioma made headlines earlier this month after it appointed Amaury Dauge as its newest Chief Financial Officer (CFO). Mr. Dauge has since been based out of the group’s New York office, following a relocation from Paris, where he was working most recently. He came over to Axioma from Euronext, having worked in a similar role since January 2014.

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