Prime Broker of the Year: Deutsche Bank

Prime Broker of the Year: Deutsche Bank

harvey-twomey-deutsche-bank
Harvey Twomey, Deutsche Bank

During the first half of 2011, a total of $2.86 billion was raised by 24 new hedge funds in Asia, the highest six-month total recorded since first half of 2007 when $5.7 billion was raised, according to Asia Hedge. Average fund size was $119 million, up from just $40 million a year ago. This represented part of a trend in the concentration of investor money towards a smaller group of bigger hedge funds and occurred as more prime brokerage service providers launched operations.

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