The Bank of New York Mellon’s prime brokerage unit has unveiled a pair of new tools for its business consulting clients.
Pershing’s prime services group now offers a start-up simulator tool and a new guidebook, A Guide to Establishing a Hedge Fund. The start-up simulator is designed to help hedge fund managers plan for their early days, especially the first 18 months of operation.
“Embarking on the launch of a new hedge fund can be a challenging and overwhelming experience,” Craig Messinger, managing director of Pershing Prime Services, said. “Through our strategic relationships with a broad array of industry experts and our companies' broad-based experience serving hedge funds, we have integrated a wide range of tools into a comprehensive practice management offering to provide hedge fund managers with actionable information, ready-to-execute solutions and hands-on business development support to help ensure that they are well positioned to grow their businesses.”