Prime Brokerage

J.P. Morgan appoints new EMEA PB head

J.P. Morgan has appointed David Clarkson to head its prime brokerage business for EMEA in London.

He will start the role later this month and will report to Teresa Heitsenrether, global head of prime brokerage.

Posted on: 05 Nov, 2012

Deutsche Bank study highlights growing clout of operational due diligence

The level of sophistication and influence wielded by investor operational due diligence teams has grown exponentially since the financial crisis, according to a Deutsche Bank survey of leading funds of funds and consultants, representing $411 bill

Posted on: 29 Oct, 2012

Prime custody growing in Asia, says HSBC

Uptake of prime custody by Asian hedge funds has been slow although attitudes are changing, according to the global head of sales for prime services at HSBC. 

Posted on: 23 Oct, 2012

GAIM Ops Paris 2012: A Summary

An industry conference veteran once joked he never failed to see the irony of hedge fund managers and investment bankers moaning about their ever-growing expense ratios from the confines of five star hotels.  It is perhaps for this reason GAIM Ops

Posted on: 21 Oct, 2012

GAIM Ops Paris 2012: Emerging managers most at risk as PBs confront regulatory costs and falling revenues

Emerging or sub-$150 million managers will be disproportionately impacted as prime brokers increasingly cull smaller hedge fund clients as they grapple with regulatory capital costs and falling profits, operational due diligence executives have sa

Posted on: 17 Oct, 2012

Jones Trading-Conifer merger on hold, sources say

The planned merger between Jones Trading Institutional Services, the Los Angeles-based pure execution equity trading firm, and Conifer Securities, the prime brokerage business owned by the Conifer Group, is on hold although a possible compromise i

Posted on: 12 Oct, 2012

IRS could struggle to reciprocate on FATCA IGAs

The IRS could struggle to reciprocate details on non-US accountholders in US financial institutions with countries which have signed intergovernmental agreements (IGAs) on FATCA, it has been warned.

Posted on: 09 Oct, 2012

PB costs to increase for managers, warns Barclays Prime Services report

Prime brokerage costs will increase for hedge funds as regulation forces PBs to bolster their capital buffers while seeking secured financing for longer terms, a report by Barclays Prime Services has said.

Posted on: 08 Oct, 2012

Uncertainty continues around EU shorting rules

Hedge funds are still in flux about the EU’s latest proposals on short-selling, industry experts have said.  

Posted on: 08 Oct, 2012

APAC suffers hedge fund decline

Asia-Pacific (APAC) suffered a slight slump as the number of individual managers running more than $1 billion out of the region fell raising questions about whether APAC has been oversold in recent years.

Posted on: 02 Oct, 2012

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