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. 





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2 Comments so far

  1. Michael Agne on April 28, 2007 12:17 am

    You can try Fimat, but they might not be comfortable with the areas of interest either, but worth a shot, main office is in NY. They are associated with SocGen…….

  2. manuel ochoa on May 2, 2007 2:25 am

    Marco Polo in NY is who you want. They’re ex Lehman guys who act as execution agent. They’ll provide you with link of who to clear the trades but remember, they are credit sensitive. If you buy a stock and can’t make payment on it , they are liable. Frontier markets can take a few days for the stock to actually show up in your clearing account. Email me if you need more information;manuel.ochoa@globaltrendcap.com


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