What type of client is Prime Services used by?
Select one:
a) Pension funds
b) Private equity funds
c) Hedge funds
d) Insurance companies
Ans:- Prime services are usually used by Hedge Funds and similar institues
Prime Services is a type of bundled group of complex services that investment banks provide to hedge funds and similar institutes. services offered by the Prime brokerage firms include cash management, security lending, finding new investors, and they also help the hedge funds in accessing research.
Therefore the Prime services is mainly used by the Hedge funds and similar institutes. option (c) is the right answer.
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