Tuesday, 1 September 2015
Last updated 8 hours ago
Oct 5 2006 | 2:54pm ET
Lehman Brothers will seek a bigger share of the lucrative prime brokerage market, according to a CIBC World Markets research report.
The Wall Street giant’s chief administrative office, David Goldfarb, told a CIBC analyst that his firm’s prime brokerage unit is too small to compete with Goldman Sachs and Morgan Stanley, which dominate the market. According to the report, “the growth of the prime brokerage business remains a high priority and big push for the firm.”
Just last week, Jefferies & Co. announced that it was also entering the prime brokerage market and would be targeting small hedge funds.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…