Wells Fargo responds to rise of credit funds

Oct 21, 2012

The US bank has brought in a dedicated resource to provide operational support to what it puts at three-dozen hedge funds – and counting – that are running credit strategies in Asia.

Wells Fargo responds to rise of credit funds

Hedge fund managers are increasingly relying on administrators rather than prime brokers for financing through repurchase agreements (repos) amid recent growth in credit strategies in Asia, observes Wells Fargo.

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