Prime broker power shift
By Katrina Dean Allen
Sun May 1, 2011
J.P. Morgan expands lead, with Goldman Sachs a close second and Morgan Stanley a distant third.
AR MAGAZINE’S THIRD ANNUAL prime brokerage
survey measures prime brokers’ market share among
hedge funds that report to the AR database. The results here
are compiled from an analysis of 2,547 mandates reported by
hedge funds. This year 2,156 funds indicated which prime
brokers they employ. Many hedge funds report using multiple
prime brokers despite doing the bulk of their business with one
or two favorites.
In the absence of detailed information on the breakdown of
the business among prime brokers used by a fund, AR divides the
assets of these shared mandates equally among the listed prime
brokers. The survey thus offers a useful but only partial view
of the industry, capturing the prime brokerage choices of those
funds managing nearly 89% of the total assets covered by the AR
As part of AR’s prime brokerage survey, "The
shifting landscape" explores the new environment for...
ISSN: 2151-1845 / CDC10004H
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