Pershing adds AltX

Pershing says it has added the hedge fund intelligence platform, AltX, to its Alternative Investment Center (sic). It says this will help advisers evaluate hedge fund investment opportunities by providing them access to hedge fund market data, insights and analytics.

“We’ve seen continued demand from advisers 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.”

Pershing says the move complements research already available on the platform from Morningstar and Blue Vault Partners and other educational resources such as comparison and screening tools, whitepapers and commentary from leading alternative investment managers.