Hedge funds benefit from lower prime broker fees

Hedge funds can lock in favourable rates for prime brokerage services as competition forces banks to rethink pricing, says former BlackRock managing director David Geffen who now runs a consultancy

Tax burden falling
Securities borrowing costs are falling for hedge funds

Hedge funds are benefiting from lower securities borrowing and financing rates as competition among prime brokers intensifies, according to David Geffen, founder of consultancy Geffen Advisors.
"For most hedge funds, it's an excellent time to hire a prime broker," says Geffen, who advises hedge funds on managing their prime brokerage relationships.
"There is a lot of competition and excess capacity. Currently, hedge funds have more transparency on securities borrowing pricing than ever before

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