I have found a very thoughtful blogger who had researched the relationships between prime brokers and their hedge fund clients. He had discovered that certain investment banks specialize in serving different investment strategies i.e. Barclays cover many funds using Fixed Income Arbitrage. The article is here. He has written other posts which, I will admit, are more advanced that what we have covered so far. If you want to look at hedge funds from an investor point of view, they are all good reading.
PS There is also a good comment attached to the article
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