prime brokers

Treasury management: no longer the poor relation

Treasury operations within hedge funds have traditionally been the ‘poor relation’ to other functions, however, this is changing.

Posted on: 05 Nov, 2015

ESMA publishes consultation on asset segregation

The European Securities and Markets Authority (ESMA) has published a consultation paper outlining options on asset segregation under the Alternative Investment Fund Managers Directive (AIFMD).

Posted on: 02 Dec, 2014
Posted in: Regulation

ESMA likely to force primes to segregate AIF and non-AIF assets

The European Securities and Markets Authority (ESMA) is likely to force prime brokers to segregate AIF assets from non-AIF assets in what could have significant implications for the prime brokerage operating model.

Posted on: 20 Oct, 2014
Posted in: Regulation

Bulge bracket prime brokers risk looking short-termist

The decision by bulge bracket prime brokers to terminate certain hedge fund relationships risks looking short-termist and could provide opportunities for the mini-prime brokerage industry, particularly in London.

Posted on: 18 Sep, 2014
Posted in: Prime Brokerage

Hedge funds urged to start PB financing negotiations now

Hedge fund managers should start negotiations with their prime brokers and scale back on the number of counterparty relationships they have if they want to obtain favourable financing terms as primes look set to curb their financing operations onc

Posted on: 09 Sep, 2014
Posted in: Prime Brokerage

Forcing PBs to segregate AIF assets could cause serious challenges

Forcing prime brokers to segregate AIF assets could have serious unintended consequences and will ramp up borrowing costs for those firms.

Posted on: 01 Jul, 2014
Posted in: Prime Brokerage

Fund Forum: ESMA guidance on segregation at primes eagerly anticipated

Depository banks and prime brokers are eagerly awaiting the much anticipated decision by the European Securities and Markets Authority (ESMA) as to whether primes will be forced to segregate AIF assets from their own and other clients.

Posted on: 24 Jun, 2014
Posted in: Prime Brokerage

Depositaries unlikely to be held liable for rehypothecation losses at PBs, BNY Mellon says

Depositaries will need to increase their monitoring of prime brokers’ rehypothecation processes as required under AIFMD although they are unlikely to be held liable for losses incurred through rehypothecation, BNY Mellon has said.

Posted on: 09 Jan, 2013
Posted in: Regulation

Latest FATCA proposals cause further uncertainty

Foreign financial institutions (FFIs) including hedge funds operating out of multiple jurisdictions face further uncertainty around FATCA following the US Treasury’s latest announcement on how it will implement the rules through intergovernmental

Posted on: 30 Jul, 2012

Smaller funds most at risk if mid-tier PBs ditch clearing businesses

Smaller buy-side firms trading swaps could potentially be shut out of OTC markets as a growing number of prime brokers increasingly question the risk-reward ratio of acting as clearing members, it has been warned.

Posted on: 30 May, 2012
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