Friday, 9 October 2015
Last updated 1 hour ago
Mar 28 2008 | 10:39am ET
Deutsche Bank has dethroned Morgan Stanley as the top global prime broker, according to a new survey.
Global Custodian magazine’s annual ranking of prime brokerage services found Morgan Stanley falling into third place after two years in first. Merrill Lynch jumped into second place after finishing in sixth last year. Deutsche Bank ranked second last year.
Both third and fourth places saw ties: Bear Stearns, its recent troubles notwithstanding, tied Morgan Stanley for the former, with Lehman Brothers and UBS sharing the latter.
The rankings are based on a poll of more than 2,800 hedge funds.
Rounding out the top 10 are Credit Suisse Group, Citigroup, Goldman Sachs and Barclays.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…