Currently, the settlement of hedge funds' trades between their executing and
prime brokers occurs as OTC transactions without any CCP guarantee.
Prime brokers have suggested that hedge fund managers concentrate more business with them, though 60% of managers affected by repricing have in fact added more
prime broker relationships.
The Harmony network now comprises over 80 executing brokers and 15
prime brokers globally, for give up processing, allocations and T-0 matching with buy side firms, facilitating tighter risk controls and improved client servicing.
Gloss' new capabilities allow
prime brokers to offer full settlement services to buy-side investment firms and hedge funds, automating security and currency transaction processing, enabling firms to manage books and records in real-time and facilitating efficient asset servicing.
ENSO Color is a connective portal which enables
prime brokers to send security specific color commentary and balance sheet reducing opportunities directly to clients.
With UBS as a
prime broker, we will continue as a true prime of prime service provider with 100 percent STP model, committed to delivering elite service to our partners.
Prime custody' refers to the tailored servicing of unencumbered assets within alternative investment portfolios, performed by both
prime brokers and custodians to provide greater transparency and risk mitigation.
According to Wall Street Journal, Switzerland-based Credit Suisse (NYSE: CS) and Germany-based Deutsche Bank (NYSE: DB) have topped the list in a
prime broker survey.
NEW YORK -- Citi today announced its Prime Finance division was ranked second overall by hedge fund firms with at least $1 billion in assets in the 2009
Prime Broker Survey conducted by Institutional Investor magazine, a move up from Citi's 2008 position of number three.
In a breakdown of the type of services that attracted the hedge funds to their
prime broker, the survey found that the technology/reporting function was the leading service (35%), followed by operations coverage/competency (30%) and execution rates (25%).
Premiere New
Prime Broker nominated for Best Small
Prime Broker of the Year and Best Capital Introduction Program for Small
Prime Brokers by HFMWeek
Organizational structure Only one
prime broker surveyed is a standalone, separate and distinct business unit.
