Prime brokerage has become one of the most intensely competitive sectors in investment banking. Much of this has to do with the move of hedge funds into the mainstream and their concentration on London. The value of assets under management by European hedge funds now stands at $450 billion and they may contribute 15-20% of investment banking revenue. Flowing from this, prime brokerage revenues for 2007 are forecast to be $8.5 billion.
This conference will look at what factors will shape the immediate future of prime broking. The topics covered will include: 1 An overview of the current prime broking scene 2 The building blocks of prime brokerage 3 Fixed income and credit strategies 4 Prime brokerage and derivatives 5 Common legal issues in prime brokerage agreements 6 Collateralisation 7 Prime broker usage among hedge funds 8 Has prime brokerage become commoditised?
Attending this event will be very useful for senior, middle and junior staff employed in financial institutions acting as prime brokers or interested in becoming so. It will also be highly relevant for hedge funds and intermediaries.