Prime Brokers, a Query, from Monty Humbert
Can anyone suggest a prime broker for a startup hedge fund with only a few US $m of AUM to start, and a goal of raising US $100m total? It's for an associate of mine who is starting a fund.
They invest in frontier markets such as Cyprus, Mauritius, Romania, Malawi, Nigeria, Uganda, Dubai, Abu Dhabi, Sharjah, Kuwait and Bulgaria. The traditional prime brokers haven't been comfortable with their frontier market focus.
I've heard mention of BoA, UBS, Bear, BNP/Paribas and ING/Furman, and would appreciate readers' advice and suggestions.