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Prime broker: Difference between revisions
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*'''[[Custody]]''': looking after the {{tag|hedge fund}}’s “long” investment portfolio - (but this is because they like to [[reuse]] all those lovely assets) | *'''[[Custody]]''': looking after the {{tag|hedge fund}}’s “long” investment portfolio - (but this is because they like to [[reuse]] all those lovely assets) | ||
*'''Bank accounts''': running a multicurrency cash account - from which they can lend money. | *'''Bank accounts''': running a multicurrency cash account - from which they can lend money. | ||
*'''[[Margin lending]]''': lending on margin to hedge funds who want to buy securities without funding them (you know - [[leverage]]). | |||
*'''[[Stock lending]]''': lending the {{tag|hedge fund}} the assets it needs to settle [[short sale]]s, and lending it the money it needs to buy assets. | *'''[[Stock lending]]''': lending the {{tag|hedge fund}} the assets it needs to settle [[short sale]]s, and lending it the money it needs to buy assets. | ||
*'''[[Synthetic prime brokerage]]''':providing the {{tag|hedge fund}} with [[derivative]] exposure to assets as an alternative to the [[hedge fund]] buying them outright). Often in the trade called “[[CFD]]”s. This may involve accepting [[give-up]]s from other [[executing broker]]s. | *'''[[Synthetic prime brokerage]]''':providing the {{tag|hedge fund}} with [[derivative]] exposure to assets as an alternative to the [[hedge fund]] buying them outright). Often in the trade called “[[CFD]]”s. This may involve accepting [[give-up]]s from other [[executing broker]]s. | ||