Goldman Sachs gets boost to prime brokerage business as hedge fund balances increase
Equities and fixed income financing rose in the first quarter at Goldman Sachs, as hedge funds increase balances.
Tag: prime brokerage
IG Group sets up prime brokerage offering as ‘alternative to incumbent providers’
IG said it’s offering will give hedge fund managers and family offices access to the full spectrum of prime brokerage services.
Global Custodian adopts ‘soft launch’ policy for surveys
As Prime Brokerage survey launches, increased flexibility takes account of conditions imposed by the coronavirus pandemic.
Prime brokerage revenues to top $30 billion in 2020 as new report shows how banks can capitalise
Global Custodian data analysed by Aite Group predicts prime brokerage revenues to soar in 2020, as banks face up to challenges in their service provision and business models.
Founding member of Morgan Stanley’s prime brokerage business to retire
The stalwart of Morgan Stanley's industry-leading prime brokerage business will retire after serving over 30 years with the US firm.
Lack of hedge fund launches and cost of regulation threaten mini-prime model
The mounting cost of regulation and capital requirements, coupled with the significant drop in new hedge fund launches, could pose an end to the mini-prime broker business.
GPP to shutter prime brokerage business
The firm will begin an orderly wind-down of the business, which is anticipated to take up to 12 months to complete.
Custody
Global Custodian’s biggest news stories of 2019
We break down the biggest stories of 2019 and what they meant for the global securities services industry.
Citi’s revamped equities and prime brokerage division targets larger client share
Citi aims to capture increased business from existing and prospective hedge fund clients by offering a full coverage of pre- and post-trade services.
Credit Suisse to use settlement tech from start-up AccessFintech
The adoption of AccessFintech solution will help the Swiss bank avoid errors in the settlement process and comply with the upcoming settlement discipline regime.