Tuesday, 5 May 2015
Last updated 10 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…