Third-party cap intro opportunity as prime brokers scale back
Prime brokers have been giving a very labour-intensive service away for free, but unpaid commission to third-party marketers is believed to be prevalent
As a third-party marketer, this is an interesting question as it is directly connected to my business and therefore livelihood. Third-party marketers charge commission for capital-raising services that have traditionally been offered for free by most prime brokers. Therefore, we have had to compete with well-resourced cap intro teams, meaning that many larger hedge funds and commodity trading advisers (CTAs) that have carried more weight and
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