Wednesday, 27 August 2014
Last updated 11 min 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...