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Wakefield, MA - June 29, 2010 - Vestmark, a comprehensive technology platform for integrating portfolio management, trading and back office functions, today announced a partnership with SteelPath Capital Management LLC (SteelPath), an investment adviser to separately managed account (SMA) clients that is exclusively focused on energy infrastructure Master Limited Partnerships (MLPs), to provide improved trading and operational efficiency for its growing managed accounts business.
Vestmark will provide SteelPath with solutions to automate many of the labor-intensive processes associated with managed account trading and administration, ensuring a high standard of accuracy and efficiency. The technology will help SteelPath maintain control and compliance oversight over the platform and across all distribution channels, including comprehensive auditing to meet regulatory reporting and GIPS performance requirements.
"As the MLP asset class continues to grow, we selected Vestmark as the best technology platform provider to help support SteelPath's offering to our SMA clients," said Gabriel Hammond, founding partner of SteelPath. "The operational efficiency, scalability and compliance oversight of the Vestmark Platform allows us to stay focused on the MLP sector and the needs of our clients."
About SteelPath:
SteelPath Capital Management LLC is a registered investment advisor that advises separately managed account (SMA) portfolios for institutions, financial advisors, and individual investors. The company's SMA program is exclusively focused on energy infrastructure Master Limited Partnerships, utilizing fundamental analysis in this emerging asset class, combining its bottoms-up, private-equity philosophy with an emphasis on capital preservation and distribution stability. The company has a six-year track record of managing MLP equities, taking a concentrated approach to maximizing risk-adjusted returns. For more information about SteelPath please contact investor relations at (214) 740-6042 or visit www.steelpath.com.
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About Vestmark
Headquartered in Wakefield, Mass. and founded in 2001, Vestmark is a leading provider of portfolio management solutions and outsourced services for financial institutions and their advisors, enabling them to efficiently manage customized client portfolios through an innovative technology platform. Supporting over $1.5 trillion in assets and 5.5 million accounts, Vestmark is a partner to some of the largest and most respected wealth management firms. For more information about Vestmark’s solutions, call (781) 224-3640 or visit www.vestmark.com.
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