Report criticises accuracy of prime brokers

Prime brokers are losing out on commercial opportunities, according to a report by TCA Consulting, entitled Third Annual Investment Forum: Hedge Funds.

Accuracy and timeliness is key to prime broker services, yet the survey found that less than 20% of hedge fund respondents were satisfied with the accuracy of their reports.

The report argues that prime brokers need to collate information across a range of products to report to their hedge fund clients.

However, this means they have to deal with