EXCLUSIVE: JPMorgan is winning the most hedge fund business as Wall Street banks swoop in on Deutsche Bank's clients

Following Deutsche Bank's industry-rattling equities exit this summer, top Wall Street competitors have been feasting on the firm's most-coveted prime brokerage assets.

EXCLUSIVE: JPMorgan is winning the most hedge fund business as Wall Street banks swoop in on Deutsche Bank's clients Following Deutsche Bank's industry-rattling equities exit this summer, top Wall Street competitors have been feasting on the firm's most-coveted prime brokerage assets. JPMorgan is emerging as an early victor, raking in as much as $40 billion in new assets from top-tier hedge funds including Renaissance Technologies and D.E. Shaw, according to people familiar with the matter. Other top banks have also grabbed billions in assets from Deutsche's clients, and only roughly $75 billion out of the firm's nearly $200 billion in balances still remain, sources say. Read more on BI Prime → Email sent to: [email protected] | Unsubscribe Terms of Service | Privacy Policy © 2019 Insider Inc. 1 Liberty Plaza, New York, NY 10006