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Open Categories Menu According to a recent Bloomberg article, and a couple of my recent clients, Goldman Sachs Execution and Clearing (GSEC) will no longer act as the custodian and clearing agent for most small hedge funds with less than $5 million in AUM. As a quick background, smaller funds which do not [...]
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Posts Tagged ‘ mini-prime ’
28 October
Posted in
Hedge Fund Structure
Mini-Prime Brokers – Prime Brokerage for Start-up, Small and Mid-Sized Hedge Funds
Historically, prime brokerage was relegated to a few of the very large Wall Street investment houses – the Goldmans, Merrills, Bears and Lehmans. Many of these firms provided prime brokerage services to the very large hedge funds. However, these firms could not provide the comprehensive trading services required by smaller [...]
