Built upon the bank’s custody and fund admin business, HSBC’s fledgling prime brokerage platform will expand to the US after roll-outs in Europe and Asia.
More hedge funds are managing less than $20 million as the billion-dollar club shrinks, says data provider Eurekahedge.
After an aggressive expansion of its prime services network in the region, Barclays is transforming from its beginnings in synthetic prime brokerage to a full-service offering.
The newly created role is part of Bank of America Merrill Lynch's plans to expand its prime brokerage business in the region.
New funds will face a challenging fundraising environment in Asia, as will the prime brokerages and administrators who serve them, Eurekahedge predicts.
Daiwa's synthetic prime brokerage sale will not affect its alternative fund services, although its ambitious growth plans are on hold, says the firm.
Morgan Stanley has seen its share of hedge funds assets shrink, and Eurekahedge argues that the combined pre-crisis dominance of MS and Goldman is being eroded.
Deutsche Bank plans to leverage the strength of its prime brokerage to build its Asia fund servicing business.
More hedge fund strategies based on high-frequency trading are preparing to launch in the region, says Rebekah Pang of Newedge.
The US bank has been adding staff and is understood to be planning further hires as part of a plan to expand its PB team by 20%.
A build-out of the bank's Asian prime brokerage team will follow the launch of a global platform.
Rebekah Pang takes over as cap-intro head as 10-year Newedge veteran Kirby Daley exits for a buy-side role.
The ex-Asia head of Highbridge Capital is nearing his hedge fund launch, but with Morgan Stanley veteran Gaynor joining his team as COO, another contender has entered the race ...
The polls are still open in AsianInvestor’s prime broking survey, and this exercise in hedge-democracy is proving to be a war of attrition.
Morgan Stanley hires Marcella Lui as it sets its sights on regaining its top prime broking slot.
Hong Kong hedge fund Fair Capital signs up to Citi's OpenPrime technology.
David Gray moves to Hong Kong to take over from Matt Pecot, while Colin Taylor becomes head of the Australian business.