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prime brokers
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Latest Headlines
Prime brokerages offer employment services
To think that in the aftermath of the 2008 financial crisis, some on Wall Street wanted to scale back on their prime brokerage services.
While some did so in the short-term, it became quickly clear that long-term the business would have to grow. Hedge funds loom as one of the bright spots in t
Hedge funds ease grip on prime brokerages
Not too long ago, in the wake of the financial crisis and implosion of Bear Stearns and Lehman Brothers, the angst was palpable when it came to counterparty risk. Many hedge funds responded by spreading their eggs a bit, embracing multiple prime brokers, just in case one of them went belly-up.
Commodities: JP Morgan gaining on Goldman Sachs, Morgan Stanley
We are accustomed to thinking of commodities trading as a small contributor to overall profits. But at the likes of Goldman Sachs and Morgan Stanley, traditionally the twin powers in this market, commodities trading can account for up to 10 percent of profits, notes Reuters .
Reuters ta
Citi prime brokerage launches new advisory service
Even before Dodd-Frank required hedge fund registration and enhanced oversight, we'd been saying that investors were increasingly demanding more transparency, more customer-friendly policies and in some cases third-party administrators that could better handle back office and compliance functions.
Judge raps Goldman Sachs, rejects arbitration appeal
It was huge news when an arbitration panel ruled that Goldman Sachs ( NYSE: GS ) was liable for $21 million in its dispute with creditors of Bayou Group, a hedge fund client of Goldman's that fell apart in 2005; it ended up being revealed as a Ponzi Scheme. Recall the ensuing fake suicide drama
Hedge fund rules to rock the industry?
So, how should the hedge fund industry react to the new hedge fund rules proposed by the SEC? Recall that the SEC already tried to impose a registration rule on hedge funds but was taken to court by Philip Goldstein of the hedge fund Bulldog Investors. The case went all the way to the Supreme Cour
Goldman Sachs quant plans comeback
Recall that Ray Iwanowski co-managed Goldman Sachs' one-time flagship Global Alpha hedge fund, which in its heyday was a high-flyer. It earned a terrific reputation, one of the early quant successes. But then came the credit crunch, and investors turned on the fund harshly. Iwanowski and co-manage
Ready for HFT incubators
So is the high-frequency trading movement for real? You bet it is. And some expect to see more dedicated high frequency trading shops crop up. But exactly how will this happen? The environment for hedge fund start ups in general is a bit tasking right now.
A hedge fund aiming to do nothing but
The best prime brokers left standing
The prime brokerage industry has undergone some seismic shifts, and we're starting to see a post-credit crunch new order emerge from the rubble. While Goldman Sachs and Morgan Stanley were once the two big dogs, they have been hit hard by a move by hedge funds to diversify their holdings among mul
What's up with prime brokers?
When some big hedge funds and prime brokers started to implode last year, many thought the prime brokerage industry would never be the same. But, as IDD notes, the prime brokerage industry is alive and well , albeit in transition, in the wake of the credit crunch.
Many have been fo
