Friday, 24 October 2014
Last updated 2 hours ago
Oct 4 2012 | 11:03am ET
Goldman Sachs has retained its prime brokerage crown, remaining the world's largest with $222.6 billion in assets.
The Wall Street giant, which has more than 900 clients, topped European rival Credit Suisse, which came in second with $200 billion, according to Hedge Fund Intelligence. JPMorgan Chase is the third-largest prime, with $187 billion.
Despite having more mandates than any prime broker besides Goldman, Morgan Stanley has only the fourth-most assets, $163 billion.
The first-tier is rounded out by UBS and Deutsche Bank, each of which has in excess of $100 billion in prime brokerage assets. Citigroup, Barclays Capital and Bank of America Merrill Lynch follow, but none boasts even $60 billion in prime assets.
HFI's survey, its first, seeks to cover the whole of the industry by combining the results of prime brokerage surveys conducted by AR magazine, EuroHedge and AsiaHedge.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...