Prime Brokerage
BNP Paribas buys BofA’s equity prime brokerage business
Published on June 11, 2008.French bank BNP Paribas has signed a definitive agreement to acquire Bank of America’s equity prime brokerage business.
Merrill’s prime brokerage services available on RealTick
Published on June 10, 2008.Trading solutions provider Townsend Analytics has expanded its relationship with investment bank Merrill Lynch to allow buy-side clients to access the bank’s prime brokerage services through Townsend’s RealTick execution management system. RealTick already offers access to Merrill’s electronic execution services.
Hedge funds relying on prime brokers for execution in new markets
Published on May 28, 2008.Hedge funds are relying on prime brokers for execution services as well as administrative functions when expanding into new territories, according to Matthew Simon, analyst at research and consulting firm TABB Group.
Report predicts boost in prime brokers’ hedge fund revenue
Published on May 9, 2008.
Prime brokerage units will reel in more revenue from hedge funds in 2008 than in previous years, according to a new research report.
Merrill Lynch and TradingScreen to offer prime brokerage product
Published on April 24, 2008.TradingScreen, an execution management system provider, and investment bank Merrill Lynch have teamed up to offer an integrated electronic and prime brokerage solution to their mutual clients.
Conifer Securities acquires Morgan Stanley’s outsourced trading business
Published on April 11, 2008.Conifer Securities, a provider of operation solutions for hedge fund managers, has purchased Morgan Stanley’s outsourced trading business.
RBC forms Global Prime Services Group
Published on April 9, 2008.
RBC Capital Markets has completed the formation of its Global Prime Services Group, designed to consolidate support for hedge fund managers, mutual fund managers and institutional asset managers through a single platform.
Lionhart Advisors Group launches new hybrid private equity fund
Published on March 5, 2008.Lionhart Advisors Group, an international financial advisory group, announced on Monday that it will be launching a new hybrid private equity fund known as Lionhart Talon Private Equity Fund (Lionhart Talon).
Aite Group compares portfolio accounting systems of five different providers
Published on March 5, 2008.A new report on Monday released by Aite Group, an independent financial research and advisory firm, focusses on trends in the adoption and use of portfolio accounting systems by hedge funds.
Asian equities enjoy unprecedented growth in 2007, finds study
Published on February 22, 2008.Greenwich Associates announced in its 2007 Asian Equity Investors Study on Wednesday that although the rest of the financial world may have been preoccupied with the global credit crisis throughout the summer and fall of 2007, equity markets throughout Asia were in the middle of an unprecedented boom.
