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Bank Of New York Mellon Corp acquires full ownership of HedgeMark International, LLC


Monday, 24 Feb 2014 08:15am EST 

Bank Of New York Mellon Corp:Says it has signed an agreement to acquire the remaining 65% interest of HedgeMark International, LLC, a current affiliate and a provider of hedge fund managed account and risk analytic services.Says the deal is expected to close in the second quarter, subject to regulatory approval. Financial terms of the transaction were not disclosed. BNY Mellon has held a 35% ownership stake in HedgeMark since 2011. 

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40.85
0.5 +1.24%
3:02pm EST