There's no question that regulation is causing prime brokers to reassess, and, where necessary, evolve their business model. Much is made of the fact that prime brokers are ruthlessly culling hedge funds, banishing them to hinterland. Hedge funds that aren't
As the industry watches the growth of liquid alternatives among institutional and individual investors, fund managers are also looking ahead. The retirement market may be the next frontier. It represents a large and growing pool of assets driven by the
By Jerry Lees (pictured), Linear Investments – A quasi-revolution is happening in prime brokerage. Post-2008, bulge bracket banks were non-discriminatory in the type of hedge fund business they onboarded as managers and their end investors sought to minimise counterparty risks
Instinet has launched RQ Connect (Research Quality Connect), a provider-neutral application within its research payment and commission management platform, Plazma. RQ Connect enables research procurement management (RPM) systems to transfer research quality assessment data to Plazma. Investment managers can
Pre-2008, Prime Brokerage was a land grabbing exercise. Balance sheet was put to work, free of the shackles of regulation, and hedge funds of all shapes and sizes were welcome. That model has now changed under Basel III. And whilst
Earlier this year, Concept Capital Markets LLC was acquired by Cowen Group, Inc. ("Cowen"), a US investment bank and alternative investment manager with a heritage dating back to 1918. The transaction was completed 1st September and thanks to the significant
By Bob Shaw (pictured) – As cyber threats continue to mature and firms become increasingly dependent on third-party service providers and Internet applications to support operations, they not only begin to benefit from greater efficiencies and advanced technologies, but also open
US prime brokers are stealing a march on their European peers as European banks grapple with the demands of shoring up their balance sheets to comply with Basel III rules. As Reuters reported 7th October 2015, Goldman Sachs and Morgan
Neptune, the fixed income network for real-time “axe” indications, is enhancing its integration with partner TS’s TradeSmart FI. The Neptune network provides a venue for investors to consume the highest quality bond axes/inventory data from their most trusted bank
Saxo Bank has released a new developer portal, which provides technical documentation, reference guides, sample code and interactive tools for many of the technologies which in combination underpin Saxo’s Open Banking initiative. Saxo’s Open Banking strategy is built
