09 February 2022
Written By FinTech Alliance in Investment
Barclays is building a new platform to enable clients the chance to profit indirectly from hedge funds, Bloomberg reports.
In Brief:
The prime brokerage team is working on the project.
It will initially provide access to more than a dozen hedge funds.
This is in response to an increasing demand the bank is seeing for alternative investment options.
What does this mean?
Barclays’ new offering will compete with Morgan Stanley and Deutsche Bank which already offer similar platforms.
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