Competition heats up in new-look Asian prime broking market
May 23, 2011
Goldman Sachs and Morgan Stanley still lead, but big increases for Credit Suisse, Deutsche Bank and UBS leave the top five more closely matched than ever
Morgan Stanley has closed the gap on Goldman Sachs over the past year, according to the latest survey of prime brokerage conducted by the AsiaHedge data and research team, leaving the top two firms neck and neck again both by numbers of mandates and by share of client assets in Asia-Pacific hedge funds.
But the next three biggest players – Credit Suisse, Deutsche Bank and UBS – have all increased their market share too over...
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