Pershing LLC, a BNY Mellon company, announced it has formed a strategic alliance with Roubini Global Economics, an independent, global economic research firm. This agreement will provide Pershing’s hedge fund, broker-dealer and registered investment advisor customers with exclusive research and analysis on trends and developments shaping the global economy. The first proprietary report, available exclusively through Pershing, is titled States and Sovereigns: Eurozone and U.S. State Debt Woes. An exclusive event featuring Roubini Global Economics’ Chief Economic Strategist will be held in New York on April 14, 2011.
Roubini Global Economics, led by renowned economist Nouriel Roubini, will produce semi-annual research reports and host conference calls that explore macroeconomic trends and developments. Roubini Global Economics will also participate in a series of events hosted by Pershing Prime Services, BNY Mellon Alternative Investment Services and BNY Mellon Global Markets that are designed to help alternative fund managers, advisors and investment professionals navigate the economic landscape.
The inaugural report, States and Sovereigns: Eurozone and U.S. State Debt Woes, offers in-depth analysis of key questions surrounding the relative risks associated with Eurozone sovereign debt and U.S. state debt, including, how U.S. state finances are weathering the crisis given their diminished revenue and looming liabilities for pensions and other public employee benefits, and how high is the anticipated risk of debt default among nations on the Eurozone periphery in the next two years.
A discussion on the credit fundamentals of U.S. municipal debt and Eurozone sovereign debt will be included during the April event, which features Arnab Das, managing director of Market Research and Strategy at Roubini Global Economics as the keynote speaker. Mr. Das will also explore the evolving financial and regulatory environment surrounding the alternative funds industry.
“As global economic shifts present new portfolio challenges and opportunities for fund managers, demand for timely, macroeconomic analysis is on the rise,” said Craig Messinger, managing director of Pershing Prime Services. “Our relationship with Roubini Global Economics, a respected leader in economic research, underscores our commitment to providing our customers with a wide range of thought leadership and industry resources.”
The strategic alliance formed with Roubini Global Economics enhances Pershing’s institutional research services, which includes a real-time repository of research reports and recommendations that encompass thousands of global securities and a diverse range of methodologies, geographies and sectors.
“Understanding macroeconomic influences and their implications is more important than ever to the investment decision making process,” said Arnab Das. “The exclusive research developed for Pershing’s customers will help a growing universe of portfolio managers and financial advisors capitalize on new trends shaping the global economy.”
To download a copy of the report, please visit www.pershingprimeservices.com.
Pershing LLC (member FINRA/NYSE/SIPC) is a leading global provider of financial business solutions to more than 1,500 institutional and retail financial organizations and independent registered investment advisors who collectively represent approximately five million active investors. Located in 21 offices worldwide, Pershing and its affiliates are committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. Pershing is a member of every major U.S. securities exchange and its international affiliates are members of the Deutsche Börse, the Irish Stock Exchange and the London Stock Exchange. Pershing LLC is a BNY Mellon company. Additional information is available at www.pershing.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com