Definition: A financial institution that provides hedge funds and asset managers with services such as financing, custody, securities lending, margin, and trade settlement to support trading and investment activities.
Example: An example of a prime broker would be leading firms like Goldman Sachs, Morgan Stanley, J.P. Morgan, Bank of America, UBS, and Citigroup.
Explore IVP Shadow Accounting Services
IVP Shadow Accounting Services help buy-side firms maintain independent accounting records and visibility into trading activity and cash balances, enabling them to reconcile and validate data received from prime brokers. The service enables hedge funds and asset managers to outsource full or partial accounting functions, improving operational efficiency and scalability while supporting a variety of fund structures and accounting platforms.
