March 5 2019
If prime brokers continue to internalize more effectively, plus expand further into synthetics, there is an argument to be made that more beneficial owners will actively consider direct securities lending to hedge funds of one sort or another. Here's the logic.
March 4 2019
The idea of custody on the blockchain is exciting. Streamline holdings and corporate actions! Get rid of middlemen! The sales pitch is alluring but the reality is something else.
