New Kid on the Block
Upstart doesn't expect all the stock lending business. It just wants to wet its beek
Traders Magazine, April 2007
There's a lot of fat in the securities lending services sold to hedge funds by the biggest prime brokers. At least that's what the leaders of upstart securities lender Quadriserv contend, as they target the sweet spot in the industry: hedge funds. These funds' voracious appetite for borrowing stock for short-selling strategies is well known-and a key component to prime brokerage profitability.
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