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Trader of the Year Hedge Fund: Conversant Capital’s David Alfred

The TRADE

I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. People have a playbook from the 2016 election, a script for US exceptionalism, deregulation and reflation.

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Trading at the frontier

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He moved to the buy-side and his current role at Ninety One in 2016 after five years at Barclays in an emerging markets trading role. Given the liquidity landscape can often be more sparse or difficult to navigate, the use of local brokers alongside the bulge brackets is something Willis thinks is essential to minimise market footprint.

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The prime brokerage pie is growing, which means bigger slices for everyone

The TRADE

“I think the last 12 months for us in particular have been standout,” says Rieb-Smith, which has logged its best score in our sister title Global Custodian’s Prime Brokerage Survey since at least 2016. “In In terms of client demand and what we have to offer, I think we’re really unique and we have benefited from that.”