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Prime brokerage is the generic term for a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.
Credit Suisse said in November it would exit prime brokerage, which provides financing, custody, clearing and advisory services to hedge funds and institutional clients. Since then, rivals have ...
A hedge fund's prime broker will act as the counterparty to CFD, and will often hedge its own risk under the CFD (or its net risk under all CFDs held by its clients, long and short) by trading physical shares on the exchange. Trades by the prime broker for its own account, for hedging purposes, will be exempt from UK stamp duty. [citation needed]
Capital introduction is a term that describes the introductions that a prime brokerage firm makes on behalf of its money managers by introducing hedge fund clients to hedge fund investors. [1] Capital introduction works as a form of "quasi-marketing" whereby clients are introduced to investors without violating SEC rules regarding fund ...
Citigroup Inc <C.N> is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors. The New-York based bank will also ...
Credit Suisse said in November it would exit prime brokerage, which provides financing, custody, clearing and advisory services to hedge funds and institutional clients. Since then, rivals have ...
The firm engaged in prime brokerage and broker-dealer activities and was headquartered in New York City, occupying the entire 34 stories of 250 Vesey Street. The company agreed to be acquired by Bank of America on September 14, 2008, at the height of the Financial crisis of 2007–2008, the same weekend that Lehman Brothers was allowed to fail.
Through the bank's agreement with PrimeVest, Regions Bank customers will have access to a full range of financial advisory services, including managed accounts, mutual funds, annuities, insurance ...
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