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Banks raise bets on prime broking for struggling hedge funds

Banks raise bets on prime broking for struggling hedge funds
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Big banks are throwing extra resources into prime broking, betting on their embattled hedge fund clients to provide a much-needed revenue boost as other areas falter. Despite hedge funds taking a pummelling over the past three months in choppy market conditions, executives in the banks’ prime broking divisions that handle their trading and lend them…

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