A FUTURE OF FINANCE WEBINAR WITH PRIME BROKERS AND HEDGE FUND MANAGERS
29 June 2020 2.00-3.00 pm UK time
The equity divisions of the banks gained from the early stages of the Covid-19 pandemic, as market volatility increased transaction flows and trading opportunities. But hedge fund managers cannot count on the crisis continuing to be kind to their most important counterparties. The longer-term impact of the decline in activity in real economies will not be uniform either. The early evidence suggests banks with exposure to industrial and commercial companies and consumers will be hit harder than the stand-alone investment banks. Although the extraordinary turn in fiscal and monetary policies reduces the risk of full-blown financial crisis, the consequences of the pandemic are bound to damage the capital strength of banks. This Future of Finance panel asks what hedge fund managers should do to manage the risk.