An informative primer on the new landscape of leading prime brokers
Before the recent financial crisis, both regulators and marketparticipants disregarded the complex and dangerous nature of therelationship between prime brokers (the banks) and their clients(the funds). In When Prime Brokers Fail, J. S. Aikmanexamines the convoluted structure of this relationship, the mainparticipants, and the impact of the near collapse of primebrokerages on the financial world.
Filled with in-depth insights and expert advice, When PrimeBrokers Fail takes a close look at the unheeded risks of primefinance and lays out the steps required for managers to protecttheir funds and bankers to protect their brokerages.
- Examines the challenges, trends, and risks within the primebrokerage space
- Discusses the structural adjustments firms will need to make toavoid similar disasters
- Analyzes the complex relationship between hedge funds and theirbrokerages and the risks that multiply in extraordinarymarkets
- Covers new ways to manage an inherently risky business and theregulations that may soon be introduced into this arena
Engaging and informative, this timely book details theintricacies and interdependencies of prime brokerages and the rolethat these operations play in our increasingly dynamic financialsystem.
J. S. AIKMAN is a management consultant and lawyer advising managers and financial institutions. He also lectures on hedge funds and investment banking at the University of Toronto. Previously VP and counsel for a bulge-bracket investment bank in London, Aikman has broad international experience in alternative investments and has served as adviser to many successful entrepreneurial ventures. Aikman completed his MBA at Oxford University. He may be reached at ja@jsaikman.com.