TITLE

UBS's Prime Brokerage Bet

AUTHOR(S)
Lewis, Janet
PUB. DATE
April 2006
SOURCE
Investment Dealers' Digest;4/10/2006, Vol. 72 Issue 14, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the decision of UBS Investment Bank to make a large-scale move into prime brokerage. Prime brokerage refers to a variety of lending, clearing, business development and trade execution services that investment banks provide to hedge funds. The acquisition of PaineWebber was considered not a real contender, since it is just a small prime brokerage operation. Prime brokerage, according to sources, is the key to success in the market of today.
ACCESSION #
20463886

 

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