Asia prime services unit to replace Morgan Stanley (MS.N: Quotes,), the second largest company of Credit Suisse (CSGN.VX), a survey of the service area of the $ 148 billion dollar hedge fund industry.
The annual survey released this week, industry tracking The AsiaHedge Awards awarded found, Goldman Sachs (GS.N: Quote) is still a major broker of Asia's top 179 client and managed assets totaling 24.6 billion.
The survey shows that Credit Suisse (Credit Suisse) added 14 new customers and assets of $ 240 million in the past year, any major broker in Asia, beyond Morgan Stanley.
Prime brokers provide services, such as the settlement of such transactions and from hedge funds to lend to. Competitive industry is going through a rough patch in Asia, raising money becomes more difficult, a lot of funds to shut down.
Click for the major brokerage tasks and assets under management in Asia: link.reuters.com/syd38t
Most hedge funds did not disclose how they divided their prime brokerage business, do a rough estimate of any investigation. For example, hedge funds may have five major brokerage to 90% of its business is just one or two.
Credit Suisse (Credit Suisse) in Hong Kong and China in the region's largest hedge fund center to become a top player, replacing last year's leader, Deutsche Bank (DBKGn.DE).
Overall, Deutsche Bank and Bank of Switzerland (UBS AG) (UBSN.VX: Quote) in the region to preserve their Level 4 and 5, respectively, the survey revealed, Citigroup (CN) to replace the Bank of America (BAC.N : Quote), a major broker in the region.
 
 



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