This latter profession is known under the name of "prime broker".

Close to 100 hedge funds used Lehman as their prime broker and relied largely on the firm for financing.

Each client in the market of a prime broker will have certain technological needs related to the management of its portfolio.

Certain prime brokers offer more specialized services to certain clients.

In addition, certain prime brokers provide additional "value-added" services, which may include some or all of the following:

These prime brokers typically provide a suite of on-site services for clients who utilize their space.

Refco Securities is the prime broker for the funds.

In general, prime brokers operate with the assurance that if a client blows up, they are not on the line for the losses.

And now prime brokers, once off limits, suddenly look more promising.

If his prime broker asked a 2% interest rate for borrowing the shares then the net gain of the manager is .