BNY Mellon Optimistic On Hedge Fund Start-Ups

The Bank of New York Mellon's Pershing Unit has launched a start-up simulator tool and guidebook for hedge fund mangers looking to launch new funds
By None

The Bank of New York Mellon’s Pershing Unit has launched a start-up simulator tool and guidebook for hedge fund mangers looking to launch new funds.

Developed in collaboration with Moss Adams LLP, the tool allows managers to view a series of performance indicators to help them better understand how their anticipated allocation of resources and other initial business decisions may affect the viability of the hedge fund during the formative start-up period.

The guidebook, developed with Moss Adams, Eze Castle Integration, Inc., Stark & Stark Attorneys At Law and Sasserath & Zoraian LLP, offers an introduction to a number of critical criteria, as well as a framework for making informed business decisions.

Hedge fund assets under management may fall by over 20% in 2009, according to a report from the International Financial Services London. A recent survey by PerTrac found that single hedge fund launches dropped by 0.5% in 2008 and by 3% for Fund of Hedge Funds.

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