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Rapid rush back to prime broking prompts warning

January 28, 2010  

From Pamela Tang

The revival of Asia’s hedge fund industry has boosted the fortunes of prime brokers. But market participants say the rapid rush to expand in this area might backfire, given that the speed of recovery remains uncertain.

The revival of Asia’s hedge funds industry is boosting the fortunes of prime brokers, although there are concerns that there isn’t enough business to go around.

The Asian hedge fund industry suffered badly during the financial crisis from...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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