Wednesday, 26 November 2014
Last updated 12 hours ago
Sep 30 2006 | 9:08am ET
New York investment bank Jefferies Group is vying for a slice of the lucrative prime brokerage market, where it will compete with its larger Wall Street brothers, including Bear Stearns, Goldman Sachs and Morgan Stanley.
Next week the firm is launching a prime brokerage that will focus on smaller and mid-sized hedge funds – those with between $25 million and $1 billion in assets – instead of shooting for the giant funds serviced by giant banks.
The prime brokerage aims to have 25 hedge fund clients by the end of 2006, and hopes to add up to 120 new clients next year.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...