Many scaled back or completed shuttered their prime brokerage services. According to Aite Group analyst Spencer Mindlin, smaller firms known as “mini-primes” entered the space and saw business come ...

At the same time, hedge fund closures have outpaced new launches at a rate of almost two-to-one. Most recently, mini-prime broker GPP announced it would shut down its prime services business after 10 ...

One option for would-be new fund managers is to use a “mini-prime” broker. Firms such as Cantor Fitzgerald have established prime brokerages to pick up clients ignored by bigger primes.

Were very excited to welcome the RJL team, as there has been a huge increase in demand for mini-prime brokerage services over the past few years since the major prime brokers have focused on their ...

Mini-Primes can not only reconcile against prime brokerage margin calls, but they can also easily plug into the multiple providers used by their clients. These flexible solutions were built using ...

The average cost of using a prime broker is slowly increasing, say those in the industry, but do hedge funds really care? A New York-based prime brokerage head says he expects that the average cost to ...

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 ...

4. Determine who will be your prime broker or "mini prime," which pools smaller players together. You should be familiar with the term prime broker, the investment bank or servicer who does all ...

Shoreline Trading Group, a California- and New York–based mini–prime broker with an extensive technology arm, offers space and tech support to hedge funds at an office building in Santa Monica.

Nomura Holdings Inc. is weighing a return to offering cash prime-brokerage services in the US and Europe, businesses it largely exited just four years ago following the implosion of Archegos ...

as a so-called mini prime broker, competes with firms such as BTIG LLC rather than the largest prime brokers such as Goldman Sachs or Morgan Stanley, both based in New York. Wells Fargo’s ...