Hedge Fund Street

June 03, 2006

Banks wake up to hedge fund potential

Banks seem to have finally woken up to the immense potential offered by hedge funds. While the banks focused on catering to mutual funds and pension plans, hedge fund assets doubled in the past six years. Now, executives are trying catch up by offering record-keeping services to hedge funds. Iht.com reports:

But they are still missing the largest share of fees because strict lending policies keep them from providing what hedge fund managers want most: financing for trades.

Read more: Banks scramble to catch up on hedge fund fees

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June 3, 2006 in Strategy | Permalink

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