Difference between revisions of "Capital introduction"

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The tricky business, engaged in by the “consultancy” arm of a modern [[prime broker]], of putting investors and investment managers together without looking like it was anything to do with you.
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{{a|pb|}}The tricky business, engaged in by the “consultancy” arm of a modern [[prime broker]], of putting investors and investment managers together without looking like it was anything to do with you.
  
 
The name of the game is avoiding looking like a “[[placement agent]]” (that is, appearing to be marketing the fund's securities and thereby taking on [[prospectus liability]]) and to avoid your activity inadvertently bringing the fund in scope for local regulations on hedge funds in a potential investor’s jurisdiction, to which it would not otherwise be subject, and which might apply if it were thought to be offering its securities directly in that locale. Like {{tag|AIFMD}}, for very good example.
 
The name of the game is avoiding looking like a “[[placement agent]]” (that is, appearing to be marketing the fund's securities and thereby taking on [[prospectus liability]]) and to avoid your activity inadvertently bringing the fund in scope for local regulations on hedge funds in a potential investor’s jurisdiction, to which it would not otherwise be subject, and which might apply if it were thought to be offering its securities directly in that locale. Like {{tag|AIFMD}}, for very good example.
  
 
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{{sa}}
===See also===
 
 
*[[Prime broker]]
 
*[[Prime broker]]

Latest revision as of 09:02, 18 July 2019

Prime Brokerage Anatomy

There is no industry standard prime brokerage agreement, so this is not so much an anatomy as a collection of resources about an amorphous subject.
prime broker | prime brokerage agreement | synthetic prime brokerage | margin lending | custody asset | CASS Anatomy | reuse and rehypothecation | hedge funds | leveraged alpha | greeks | short selling

The tricky business, engaged in by the “consultancy” arm of a modern prime broker, of putting investors and investment managers together without looking like it was anything to do with you.

The name of the game is avoiding looking like a “placement agent” (that is, appearing to be marketing the fund's securities and thereby taking on prospectus liability) and to avoid your activity inadvertently bringing the fund in scope for local regulations on hedge funds in a potential investor’s jurisdiction, to which it would not otherwise be subject, and which might apply if it were thought to be offering its securities directly in that locale. Like AIFMD, for very good example.

See also