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Custodians challenge prime brokers in sec lending

Georgina Lee
Hedge funds are increasingly seeking to borrow securities directly from beneficial owners with the help of agent lenders, say custodians.
Custodians challenge prime brokers in sec lending

Custodians that offer agency securities lending are increasingly lending directly to hedge funds, reducing managers' reliance on prime brokers that have traditionally borrowed securities on their behalf. But some industry players say this model has its limitations.

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