prime broker – Stone House Consulting, LLC

Trade Matching in the Traditional and Alternative Markets

Pressures from investors and regulators are accelerating the pace of convergence in traditional and alternative asset management organizations and improving standards of practice. At present, in the traditional asset management arena, managers’ and brokers’ records are generally compared on a trade-by-trade basis and custodians are authorized by the managers to settle matched transactions. In theContinue reading “Trade Matching in the Traditional and Alternative Markets”

Operational Risk #8: Reconciliation Gaps—A False Sense of Security

We’re sorry—the article you are looking for is no longer available on our website. However, it is included in our book, The Top Ten Operational Risks: A Survival Guide for Investment Management Firms and Hedge Funds. Purchase your paperback copy or Kindle version!

Operational Risk #7: Amalgamated Assignments—Segregation of Duties

Migrating Toward Multi-Prime: Did Your Manager Decrease or Increase Operational Risk?

In the wake of the Bear Stearns and Lehman difficulties, many hedge fund managers have migrated toward a ‘multi-prime’ environment, in which more than one prime broker is utilized by the fund. On closer examination, a number of hedge funds have not only failed in their dual objectives of setting up a true multi-prime relationshipContinue reading “Migrating Toward Multi-Prime: Did Your Manager Decrease or Increase Operational Risk?”