Pershing LLC, a BNY Mellon company, has unveiled its strategic alliance with Roubini Global Economics (RGE), an independent, global economic research firm, which will mean that RGE 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 today.
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 US 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. 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,” says Craig Messinger, managing director of Pershing Prime Services.