[ I N D E P T H | P R I M E B R O K E R A G E ]
The prime brokerage pie is growing , which means bigger slices for everyone
Prime brokerage is a business driven by growth in its client base , and in 2024 , players of all shapes and sizes are reaping the rewards of navigating an eventful few years to post record numbers off the back of positive trends in the hedge fund space , writes JONATHAN WATKINS .
The prime brokerage industry is back to its best . After a few turbulent years stemming from market volatility , rising interest rates , geopolitical turmoil , inflation , soaring energy prices , client performance , fee pressures , a mini banking crisis , looming regulation , constant tweaking of risk models , rising client complexities and the notorious Archegos saga … well , things are looking up .
Not that the seemingly never-ending list of aforementioned
62 // TheTRADE // Q3 2024