JPMorgan Explains Basel III Impact On Hedge Funds

Just a few days after finding out that Goldman Sachs Group Inc (NYSE:GS) is scaling back its prime brokerage services to hedge funds, JPMorgan has released a white paper breaking down the impact of Basel III regulation on the prime brokerage business and why hedge fund managers should expect serious changes in their business relationships over the next couple of years, the report is titled “Leveraging the Leverage Ratio – Basel III, Leverage and the Hedge Fund-Prime Broker  Relationship through 2014 and Beyond”. “Although the reforms will change the way banks operate, those changes indirectly impact the traditional hedge fund financing…