When prime brokers fail the unheeded risk to hedge funds banks and the financial industry hardcover july 13 2010 by j s aikman author 42 out of 5 stars 6 ratings see all formats and editions. When prime brokers fail the unheeded risk to hedge funds banks and the financial industry 1st edition by aikman 2010 hardcover books amazonca. When prime brokers fail the unheeded risk to hedge funds banks and the financial industry j s aikman isbn 978 1 576 60355 0 jun 2010 304 pages quantity select type hardcover e book cad 3899 out of stock hardcover cad 5995 wiley online book out of stock cad 5995 add to cart description praise for when prime brokers fail an essential guide to understanding why so . An informative primer on the new landscape of leading prime brokersbefore the recent financial crisis both regulators and market participants disregarded the complex and dangerous nature of the relationship between prime brokers the banks and their clients the funds. The principal risk rests with the hedge fund client and the collateral provided is utilized to protect the risk to the prime brokers assets and loans part of the financing of hedge funds however involves the prime broker utilizing the assets of the hedge fund clients to this end collateral is provided by hedge funds the collateral may be cash financial instruments or securities the