Inaugural Absolute Return ranking tracks lucrative hunt for startups.
|2012 New Funds Ranking|
Prime Broker Market Share
As part of the bi-annual new hedge fund research piece, Absolute Return for the first time ranked the major Wall Street prime brokerages with the biggest share of business from new launches.
Morgan Stanley came out on top, muscling ahead of its competitors thanks to relationships with the top three launches of the year, and five of the top six. In all, the firm signed $5.81 billion of new launches on the list, more than $1 billion in front of its nearest competitor. It was