The Prime Brokerage Division of Investment Banks helps seed emerging hedge funds through the Capital Introductions team. There is another team - Hedge Fund Services - that helps start-up funds with the details and logistics of launching the fund. They help the fund find office space and set up the nuts and bolts of the office i.e. computers, Bloomberg terminals, phones, office furniture and supplies. The team has a contact list of specialists: accountants, lawyers, operations and technology professionals, etc. that will work closely with the fund manager.
After the fund has been established and is growing (in assets and people), then Hedge Fund Services will aid in additional areas such as Human Resources or business development. Like Capital Introductions, there is no explicit fee for this service but it binds the relationship between prime broker and hedge fund even tighter.
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