Here is an article I found on the recent revival of the prime brokerage industry. There have been several of these types of articles coming out over the past several weeks:
The world of prime brokerage has had a traumatic eight months. "The industry changed when Lehman went under. Hedge funds were suddenly made aware of counterparty risk, and they realised they couldn't put all their eggs in one basket," said Eddie Guillemette, head of international financing sales at Bank of America Merrill Lynch. The situation appears to be improving, and banks are starting to recruit again. Barclays Capital and BofA Merrill both initiated hiring drives in Asia-Pacific. source
Related to Prime Brokerage Business Coming Back:
Tags: Prime Broker, Prime Brokers, Prime Brokerage, prime brokerage industry, business of prime brokerage, trading, clearing, capital raising, capital introduction
