This is the second story of this type that has come out of the US in the past month. Both have focussed on relatively small samples and look only at lenders that take cash collateral, but is a concern. Much ado about nothing, or a worrying trend?
48% of investors unwinding sec lending program - Global Pensions
While the lenders noted above are trying to get out of the business, others are trying to expand.
HSBC to launch prime brokerage unit - FT.com
Cantor Fitzgerald creates prime brokerage business - Yahoo Finance
I really liked this article as it gives readers a better understanding of the drivers of success year-to-date and indications going forward.
Hedging back in vogue among lucrative convertibles - Reuters
Have we finally hit the bottom, or is this a blip?
Hedge-Fund Assets Rise for First Time in Year to $1.43 Trillion - Bloomberg
I don’t really cover people stories, but couldn’t resist this one.
Morgan Stanley, UBS Swap Executives -WSJ
Gordon Gekko updated for the “Naughties”? Can this be true? Hat tip to Mike for pointing this one out to me.
Short-selling villain casting call - FT Alphaville
Continuing to work on my tan while hoping to keep you up to date!
