Goldman World's Largest Prime Broker

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.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of