Nouriel Roubini to Speak At Alternative Fund Managers and Investment Professionals Event

JERSEY CITY, N.J., September 21, 2011 — Pershing LLC, a BNY Mellon company, announced today the availability of a report from Roubini Global Economics titled, Policy and Prospects: Are Governments Tipping the Balance Toward Depression?. Available exclusively through Pershing Prime Services, this macroeconomic research will be highlighted at an event featuring Nouriel Roubini, co-founder and chairman of Roubini Global Economics, in New York on October 6, 2011.

The report, the second developed this year under a strategic alliance between Pershing and Roubini Global Economics, looks at how economic events of the past are influencing the current economic situation and forecasts what lies ahead. The study explores the variables that helped drive global economic expansion prior to the Great Recession, provides analysis of the fiscal and monetary policies enacted to stimulate growth, and details several short and medium-term macroeconomic scenarios that could shape a rebalancing of the global economy in the years to come.

"Three years have passed since the start of the financial crisis, yet asset managers still face volatile capital markets, stalling growth and continuing financial system risk, especially in the Euro zone. This study provides alternative fund managers, broker-dealers and registered investment advisors (RIAs) with actionable insights they can use to assess their positions and search for new investment opportunities," said Gerry Tamburro, managing director of Pershing Prime Services.

The October 6, 2011 event, hosted by Pershing Prime Services and BNY Mellon Alternative Investment Services, is designed to provide alternative fund managers, broker-dealers and RIAs with exclusive macroeconomic analysis.  Featuring Nouriel Roubini as the keynote speaker, the event will include insights into the broader context of long-standing global imbalances and why contractionary policies may potentially be self-defeating, neither reducing deficits nor restarting growth.

"The enormous stimulus that stabilized the global financial system has not generated the V-shaped recovery that many expected," said Christian Menegatti, head of global economic research.  "With much of the developed world still grappling with balance sheet repair amid excessive debt and low growth and the looming risk of another financial crisis, investors are looking for guidance that can help reduce today's uncertainty."

The strategic alliance formed through this research partnership enhances Pershing's institutional research services, which offers access to a real-time repository of research reports through Roubini Global Economics that encompass thousands of global securities and a diverse range of methodologies, geographies and sectors.

For more information on the event or 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 more than 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 Borse, 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 $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 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 and through Twitter @bnymellon.