Prime brokers play key role in helping hedge funds in trade execution and regulatory compliance

Service Provider Rankings 2012

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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