Alternative investment manager Lansdowne Partners’ Lansdowne Global Financials Fund has appointed Goldman Sachs as a prime broker and custodian, Securities Lending Times reports. Goldman Sachs is a full-service global investment banking and securities firm.
Goldman’s role could involve managing purchase and sale orders and clearing and settling such orders and orders executed by other brokers. It could provide the fund with financing lines and short selling facilities and may also get into off-exchange contracts as principal. Morgan Stanley and UBS are the fund’s other prime brokers.
Click here for the story from Securities Lending Times.