Credit Suisse streaks further clear of the field by assets
in our latest survey of European prime broking. And, although
Goldman Sachs and Morgan Stanley remain the leaders by
mandates, several other firms - led by UBS, Deutsche Bank and
JP Morgan - have substantially closed the gap by assets
Amid difficult markets and widespread negative performance,
it was not surprising that overall assets in European hedge
funds stagnated during 2011 - and, with many funds running at
low levels of leverage, it was largely a period of slimmer
pickings for the region's prime brokers.
Although overall assets were barely changed, there were
however some significant changes in the landscape of the
industry - and also in prime brokerage market shares. The most
eye-catching mover on our latest survey is without doubt Credit
Suisse, which has now streaked much further clear of the field
by assets based on the latest numbers.