The collapse of Lehman Brothers and the bankruptcy of MF Global, announced a year ago, brought issues of counterparty risk and asset protection to the fore for hedge funds. The fallout from MF Global has also highlighted the need for a reassessment of the relationship between hedge funds and their prime broker.
The result has been a much more responsive prime services offering. For example, Goldman Sachs set up a custody service in partnership with BNY Mellon around 18 months ago. The service, kn
The week on Risk.net, July 14–20, 2017Receive this by email