Prime brokerage enters a new paradigm

In Europe and Asia, UBS is the closest challenger to the top two prime brokerage players but Deutsche Bank and Credit Suisse are arguably now the best placed to grow. Neil Wilson reports.

In association with Hedge Fund Intelligence

We are entering a period of fundamental change for hedge funds. This is true not only for investors and managers but also for key service providers such as prime brokers.

This was made dramatically evident in March with the last-ditch rescue by JPMorgan of Bear Stearns – for many years among the top-three prime brokers in the US. At the time, ironically, Absolute Return was getting started on its first-ever research project attempting to measure market share among prime brokers in the US.

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