Merrill issues candid primer for going multi-prime

Fri Mar 30, 2007



Merrill Lynch this month issued a surprisingly candid assessment of the advantages hedge funds can achieve by using multiple prime brokers. “Prime brokers with sole mandates, particularly the top-tier prime brokers, may charge a premium for their services,” the reports states. “A fund can assert pricing pressure on its initial prime by introducing additional prime brokers.”...

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