Deutsche bolsters its prime services offering to meet demands
Kerns is head of Deutsche’s prime services consultancy group, which was established at the beginning of this year to offer advice to hedge fund managers looking for third-party service providers such as administrators, software vendors and accountancy firms. “As costs go up and returns come down, hedge fund managers are now considering where they can cut overheads,” he says.
Kerns reckons the process amounts to evolution gone full circle. When hedge fund managers first establish themselves they often have to rely on third...
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