Goldman Sachs tops prime brokerage ranking
By Rob Copeland, Amal Robleh
Tue Jun 11, 2013
Credit Suisse jumps past Morgan Stanley and Deutsche Bank closes gap in annual ranking as staff churn accelerates among primes.
It's good to be the king: Goldman Sachs is again the most popular choice for hedge funds , topping the annual Absolute Return prime brokerage rankings for the second consecutive year.
This is the third year out of the five that that Goldman has ended up on top. J.P. Morgan, the only other prime to taste the glory of first place (in 2010 and 2011), took silver for the second year running, with virtually the same slim distance between it and the top spot as in 2012.
There was more motion below. Jumping onto the podium for the first time was Credit Suisse, which leapfrogged past Morgan Stanley to take the number three spot.
Morgan Stanley also faces increasing competition from Deutsche Bank, which has increased its market share to 7.44% of assets measured by...
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.