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Newedge tops 2010 EuroHedge survey of prime brokers

Paris, 26 April 2010

Newedge, a global leader in multi-asset brokerage and clearing, has won top honours in the EuroHedge Service Provider rankings for Prime Brokers published in the April issue of EuroHedge.  The annual survey recognises the best prime brokerage offerings amongst the world’s leading financial service companies and is widely considered as the industry standard. For the second straight year, Newedge came out on top in capturing the most Global Macro, Fixed Income & Futures Mandates. Newedge also led the Sole Mandates for New Fund Launches in 2009.

Other top honours for Newedge included achieving second place for Total New Fund Launches (Sole and Split mandates) in 2009 and third place overall for Sole mandates in the European Hedge Fund Prime Brokerage All Strategies category.

Newedge Prime Brokerage has become a leading independent prime broker offering global hedge funds a multi-asset class prime brokerage platform covering a variety of assets and instruments across equities, fixed income, foreign exchange and commodities, cash and derivatives.

Philippe Teilhard, Global Head of the Prime Brokerage business line, said: “By constantly investing and innovating so as to allow our clients to access existing and new trading markets in optimal conditions, Newedge has been able to build upon the strength of our non-conflicted business model, operating principally as an agency or back-to-back model, which has proven increasingly attractive to clients over the past few years. Our lead in these rankings also secures Newedge’s status as a pre-eminent provider of premier prime brokerage services.  I am extremely proud of our entire prime brokerage team and thankful to our support and control functions. Their hard work, dedication and passion about the services Newedge provides to clients has truly paid off.”

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