The future of Cap Intro
At the start of 2018, BNP Paribas cut its entire cap intro team. The French bank now outsources the service to Layton Road Group, which is led by former BNP executive Tom Mahala. The development has left hedge fund managers wondering whether other prime brokers are likely to follow suit and what impact that might have on the way they raise capital.
https://hfm.global/hfmweek/analysis/could-more-prime-brokers-wave-goodbye-to-cap-intro/