Prime brokers grapple for best ways to tackle maturing market

Fri Apr 20, 2012



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.

In an...

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