Mergers & Acquisitions / Joint Ventures

Olivetree, Global Prime Partners join for ‘mini-prime’ in Europe

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Equities intermediary broker Olivetree Securities and prime brokerage house Global Prime Partners have entered into a long-term strategic partnership aimed at providing a broader offering to smaller hedge funds.

As the hedge fund industry continues to emerge from the financial crisis, the two firms are expecting increased activity from smaller hedge fund shops that are being overlooked by the ‘bulge-bracket’ brokerage firms.

They believe the combined offering – which mirrors the ‘mini-prime’ phenomenon that has already been seen in the US market, with smaller operators winning business from smaller funds – will enable small firms to come to market