Basically, there are very good reasons why large funds tend to have multiple prime brokers, and to ensure that nobody has a complete view of their positions. That sort of information (particularly if ...
It is possible for a firm to have more than one prime broker. Importantly, the firm is not obligated to all of its business through the prime broker. The prime broker offers a variety of services ...
A bespoke prime solution Simply put, asset managers are tired of not being a top priority at Tier 1 institutions. For a number of years now, these banks have looked to veer resources away from their ...
The Archegos debacle began rearing its head at the end of March, and within weeks, it became clear Credit Suisse was staring at more than $5 billion in losses and its prime brokerage business ...