Prime brokers have redeveloped their business models as a response to the recent financial crisis, according to Mike Kirby from offshore fund consultants KB Associates.
Mike Kirby from KB Associates.
Going forward, there will be greater focus on operational risk and prime brokers have developed their business models as a response to the crisis and the greater focus of operational risk, according to Kirby.
Kirby says he thinks that the UCITS hedge funds industry is going to grow and there is going to be increased institutional interest in it. He says: “You are seeing the institutionalisation of