Global Custodian takes an in-depth look into the month that changed the world, how hedge funds and prime brokers responded to the economic crisis that ensued, and what will be the ‘new normal’ for the HF-PB relationship?
An asset class rotation among hedge funds could encourage prime brokers to invest significantly in specialising in servicing credit and multi-asset strategies.
Prime brokers are now stepping up their due diligence of hedge funds, becoming more forensic when looking to bring a hedge fund onto their balance sheet.