Thursday, 20 November 2014
Last updated 4 hours 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.
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...