Last spring, as a wounded Bear Stearns Cos. fell into the arms of JPMorgan Chase & Co., hedge fund manager Lee Ainslie III sprang into action. Like most of the former Tiger cubs who came of age under the tutelage of renowned global macro manager Julian Robertson Jr.,
The Sweet Hereafter for Prime Brokers
Banks and boutiques are scrambling for a slice of the shrunken prime brokerage pie.
To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.
