The US prime brokerage market as seen a number of new entrants over the years, following an industry-wide descaling of hedge fund clients by the big banks.
Awards evening on 29th November in New York to honour the best in fund administration, prime brokerage, custody and technology innovation.
Seasoned veterans are leaving capital introduction roles leading to questions over whether it is a sustainable business or just a value-add. Joe Parsons investigates whether new players are stepping in to fill the void.
Cowen Group agreed to buy Convergex Execution Services and its prime brokerage business in April for $116 million.