Leading prime brokers see return to equities
By Rob Copeland
Tue Jun 11, 2013
Barclays, BofA, Citi, Credit Suisse, Goldman Sachs and J.P. Morgan on the state of the industry.
Absolute Return asked the heads of several ranked prime brokerages for their take on the state of the industry, and of their business. Excerpts from their answers to eight set questions follow:
Bank of America: Jon Yalmokas, head of U.S. prime brokerage
Barclays: Marty Malloy, global head of prime brokerage
Citi: Alan Pace, global head of prime brokerage and client experience
Credit Suisse: Paul Germain, global head of prime services
Goldman Sachs: John Willian, global head of prime services
J.P. Morgan: Teresa Heitsenrather, global head of prime brokerage
Which hedge fund strategies will be most in demand in the second half of 2013? Why?
Bank of America Merrill Lynch: There is much more interest in fundamental directional long/short strategies, followed by a little bit of resurgence in event-driven and equities overall.
Barclays: Equity long/short, event...
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