BLOG - New Guide on Operational Challenge of Multi-Prime - Oct 28, 2008

We published a new paper today entitled "A Guide to Overcoming the Operational Challenge of Multi-Prime".

The guide shares some of the themes from our previous white papers but is updated to reflect the new environment created by the credit crisis. I've pasted in the introduction below....Enjoy.

"The ongoing market turmoil, the bankruptcy of Lehman Brothers leaving $65 Billion in frozen hedge funds assets, and the doubts surrounding the leading primes have accelerated the demise of the already faltering single prime brokerage model. Single primed funds that had been slow to embrace the new multi-prime world are now highly motivated to reduce counter-party risk by establishing multiple prime relationships. This guide explores the different options available to a single primed fund that is making the leap to multi-prime. It begins by describing the nature of the operational challenge, then weighs the pros and cons of today's multi-prime solutions, and concludes with a recommendation."

The complete document is available at www.nirvanasolutions.com/web/guide-to-overcoming