|Goldman Sachs is the biggest prime broker in the global hedge funds business, both by mandates and by client assets, according to the first-ever global survey of the prime broking market conducted by HedgeFund Intelligence. The survey, covering an unprecedented amount of more than $1.6 trillion of assets under management – close to 80% of the total industry – provides the biggest and most detailed analysis of the global prime brokerage market ever published.
By mandates, it shows that Morgan Stanley is the second biggest prime broker globally. But by assets, it shows Credit Suisse in second place – boosted by its strength in international markets, and particularly in Europe where it is now by some distance the biggest player. And in third place by assets is JP Morgan – which, like Credit Suisse, got a big boost to its business following the financial crisis of 2008, but more so in the US market...............................................Full Article: Source