New York (HedgeCo.Net) – Goldman Sachs is again the most popular choice for hedge funds in the Americas, topping the annual Absolute Return prime brokerage rankings for the second consecutive year.

J.P. Morgan stuck to the second spot, while Credit Suisse leapfrogged over Morgan Stanley for bronze.

Prime brokerage is the generic name for a bundled package of services offered by investment banks and securities firms to hedge funds and other professional investors needing the ability to borrow securities and cash to be able to invest on a netted basis and achieve an absolute return. The prime broker provides a centralized securities clearing facility for the hedge fund so the hedge fund’s collateral requirements are netted across all deals handled by the prime broker.

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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