Morgan Stanley has the broadest prime brokerage reach across the AFI 500 multi-strategy universe, serving 38 of the 42 managers, followed by Goldman Sachs with 36 and JPMorgan with 34. Morgan Stanley and JPMorgan each serve 195 qualifying funds, although Goldman Sachs also has extensive coverage with 176. The rankings underline the breadth of relationships maintained by the largest global prime brokers, with the leading firms serving dozens of multi-strategy managers and more than 100 qualifying funds. Multi-strategy firms commonly use multiple counterparties to support their trading and financing requirements.
AFI 500: Prime broker reach across multi-strategy managers
Ranked by number of multi-strategy managers served – AFI 500, March 2026
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