Andrew Bradshaw and Tiffany Besnard spoke to Hedge Funds Club on what hedge funds want
What can you tell us about changes at 26 Degrees in response to shifts in the prime brokerage market?
Andrew: “I think the key here is that it takes what we’ve done before and continues to focus on the institutional side of the business. It’s really about focusing there. There are clear opportunities for us in that space. On the hedge fund side, we all know that the Tier 1 guys have moved away. The institutional opportunity is a reflection of what’s happening there. The rebrand is to align those new business opportunities.”
In general, what are hedge funds in APAC looking for in a PB?
Tiffany: “Say, algos, access to a robust stock loan offering, cap intro, service. We have an office in Cyprus and now building out London, so it already is a 24/5 offering as it stands and that really resonates with smaller managers.”
Andrew: “It’s also the back end. We have developed the IT and systems for the middle-office and back-office parts of our business. Being able to build bespoke solutions and integrate them with people’s service providers is also something really important. We can provide those services.”
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