Saturday, 28 November 2015
Last updated 9 hours ago
Dec 23 2008 | 2:25am ET
As hedge funds go, so go the prime brokers: With many Western hedge funds cutting back on their Asian operations or eliminating them altogether, Morgan Stanley has reduced its Tokyo prime brokerage staff to a rump.
The firm, one of two largest prime brokers in the world, cut five of the seven members of its Tokyo prime brokerage team, Bloomberg News reports. The cuts, made last month, leave just team head Roger Dunphy and one other employee in Tokyo serving prime brokerage clients.
Morgan Stanley plans to use its other Asian prime brokerage teams, in Hong Kong and Singapore, to help serve its Japanese prime brokerage clients.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…