Hedge funds cut links in bid to maintain a safe distance Financial Times, March 17, 2008
S3 Partners citation:
Robert Sloan, founder of S3 Partners, a US hedge fund advisory company, and a former head of prime brokerage at Credit Suisse, said the situation at Bear Stearns could usher in a new era in financing.
"Recently, prime brokerage, though around for a long time, has become a cornerstone business for Wall Street. These events demonstrate that financing is a cornerstone to hedge fund's capital structure and is the pressure point that all managers and investors should address," Mr Sloan said.
Full article at Financial Times website at this link. |
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