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Credit Suisse said in November it would exit prime brokerage, which provides financing, custody, clearing and advisory services to hedge funds and institutional clients.
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.
The company's broker-dealer division offers investment banking services, equity and credit research, sales and trading, prime brokerage, outsourced trading, global clearing and commission management services. Cowen's investment management segment offers actively managed alternative investment products. Founded in 1918, the firm is headquartered ...
Radix Trading was co-founded by Benjamin Blander and Michael Rauchman. Blander was previously head of the high-frequency trading group of Citadel LLC while Rauchman was the chief technology officer of GETCO. [1] [2] [3] In August 2017, Radix Trading opened an office in Amsterdam to expand its operations into Europe.
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 ...
Bloomberg earlier reported that Citi faces a loss of up to $180 million (142 million pounds) related to risky foreign-exchange bets. Citi and the hedge fund are in talks on how the positions ...
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.