Prime Brokerage

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Prime Brokerage

A brokerage that provides services exclusively to institutional investors, especially hedge funds. Prime brokerage services include clearance, lending of securities, lending of money for leveraged transactions, and technical and support services. Prime brokerage services allow institutional investors to effectively outsource these aspects of investment to another party, freeing it up to concentrate on its investment strategy.
References in periodicals archive ?
In a highly competitive industry, this new model separates NorthPoint from other prime brokerage firms with the extensive services that the NorthPoint and ConvergEx partnership provides.
This new model significantly expands the products and technologies available to smaller hedge funds and other asset managers and gives clients access to a complete suite of services that no other boutique prime brokerage firm can match.
Despite substantial transition across the brokerage industry, the top three prime brokerage firms continue to control more than 62 percent of all industry capital;
The Lighthouse Prime Services team is comprised of industry veterans who have spent the majority of their careers working at major prime brokerage firms and are uniquely qualified to help hedge fund managers succeed in today's marketplace with their expertise in operations, systems and trading and deep industry relationships.
com/) announced today a favorable ruling in the lawsuit pending in the Superior Court of California, County of San Francisco against most of the largest prime brokerage firms in the country, including Morgan Stanley & Co.
In addition to the survey, the special issue contains in-depth articles on news and trends affecting the prime brokerage industry, as well as a comprehensive directory of prime brokerage firms.