guardian.co.uk - Morgan Stanley survived the recent panic in financial markets, but its prime brokerage business may never fully recover.
More than a third of Morgan’s prime brokerage assets went out the door during the past month — some rivals said attrition could be as large as one-half — as investors unnerved by the credit crunch […]

The Australian - David Gray, UBS’s head of prime services in the Asia-Pacific, says:  "In the next three months, people will make decisions about whether they want to continue their business that may prove uneconomic for them," Hong Kong-based Mr Gray said. "Fund managers are quite a hardy lot who don’t give up easily; they’ve […]

New York (HedgeCo.Net) - RBC Capital Markets has unveiled its newest venture, the Global Prime Services Group that will provide comprehensive support and a vast platform of services to hedge fund and mutual fund managers as well as institutional asset managers.  
Global Prime Services Group comes at a time when hedge fund managers and other […]

Reuters- Acceleration Capital Group is the latest entry into the capital introduction space, and plans to offer services that give emerging hedge fund managers an edge for growing their businesses. Acceleration Capital was incorporated toward the end of March as a unit of Saratoga Prime Services, a multi-custody introducing broker-dealer platform that clears through Goldman […]