Tuesday, 30 September 2014
Last updated 8 hours ago
May 24 2011 | 1:24pm ET
Players in the fiercely-competitive Asia-Pacific prime brokerage market find themselves on increasingly even footing, according to a new survey.
Goldman Sachs and Morgan Stanley, the unquestioned leaders of the Asian prime brokerage industry just three years ago, have seen their combined market share fall by half, according to the AsiaHedge survey. The two now command a combined 30% of the market, while three other firms each now account for more than 10% of the market each.
The shakeup has made the top five—who together account for 67% of all Asia-Pacific hedge fund assets—more evenly-matched than ever before, AsiaHedge said.
Goldman remains the biggest player in the region, the survey shows, but Morgan Stanley, which boosted its assets for the first time in three years, has cut into its lead. Credit Suisse replaced Deutsche Bank as the third-largest prime broker in the region, less than US$5 billion behind Morgan Stanley. Deutsche Bank and UBS round out the top five.
While Goldman remains the king regionally, Morgan Stanley has staked its claim as the biggest prime broker in Asia's hedge fund capital, Hong Kong. Deutsche Bank is the second-largest prime broker in that city.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...