(Reuters)- Goldman Sachs and Morgan Stanley are winning back the trading business of hedge fund clients that they lost to European rivals during the financial crisis, as new capital rules spur banks like Deutsche Bank to scale down their businesses. The two U.S. banks together now have about 37 percent of the market for trading with hedge funds and financing positions, known as “prime brokerage,” up about 6 percentage points from the end of last year, according to research firm Preqin.
Goldman, Morgan Stanley win back hedge fund trading business
This entry was posted in Syndicated. Bookmark the permalink.
