Morgan Stanley Prime Brokerage: First Choice for Leading Hedge Funds Worldwide
HedgeWorld Limited, using data and information supplied by 998 hedge fund managers with $104.2 billion in assets, ranked the top 15 prime brokers in terms of assets and number of funds.
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HedgeWorld Limited, using data and information supplied by 998 hedge fund managers with $104.2 billion in assets, ranked the top 15 prime brokers in terms of assets and number of funds. Morgan Stanley Prime Brokerage ranked #1 by both measures. Some 210 funds with aggregate assets of $32.6 billion named Morgan Stanley as their primary broker, well ahead of Bear Stearns who placed #2 and Goldman Sachs who came in at #3. Also noteworthy, Morgan Stanley ranked highest in terms of assets and number of funds for the $1 billion-plus category. Eight of the 15 funds in this group named Morgan Stanley as their main broker versus three of the 15 citing second-place Bear Stearns (see table below).
The following provides a partial list of the brokers included in the study:
| Rank |
Firm |
|
(US$ billions) |
 |
| 1 |
Morgan Stanley Prime Brokerage |
32.57 |
|
| 2 |
Bear Stearns Securities Corp. |
22.2 |
|
| 3 |
Goldman Sachs & Co. |
15.64 |
|
| 4 |
Merrill Lynch |
6.50 |
|
| 5 |
Banc of America |
4.23 |
|
| 6 |
ABN AMRO Inc. |
3.66 |
|
| 7 |
Salomon Smith Barney |
2.65 |
|
| 8 |
Lehman Brothers |
1.82 |
|
| 9 |
UBS PaineWebber Inc. |
1.40 |
|
| 10 |
Chase Securities Inc. |
1.33 |
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