Our Equities Division

Capital Markets Prime Services provides comprehensive advice, financing and service to large hedge funds and other institutional asset managers globally. Capital Markets Prime Services advises hedge funds on everything from starting up a fund and raising money to effectively and efficiently operating the fund over time. Capital Markets Prime Services provides financing to hedge funds through both margin lending and securities lending to cover short positions for both fixed income and equities products. Capital Markets Prime Services also provides a complete array of services to hedge funds to manage post-trade activities, including clearing and settlement, risk management and comprehensive reporting of fund activity.

Capital Markets Prime Services is an integrated business between the Fixed Income and Equities Divisions. One of Lehman Brothers' key strategic priorities, the business is growing rapidly and is looking for top talent in a variety of areas.

What Roles Might You Play?

Sales: Develop and maintain strong relationships with institutional clients, which may include pension funds, hedge funds, insurance companies and other corporate clients.
Trading: Buy and sell securities in the secondary market on behalf of clients or the Firm. Responsible for market making and capital commitment.
Structuring: Design and develop innovative products and strategies tailored to specific client needs, keeping pace with a dynamic market.
Marketing/Origination: Develop new business opportunities with hedge funds and other asset managers across the entire portfolio of Capital Markets Prime Services products and services.
Advisory: Provide advice to clients on how to start up and run a fund, as well as how to raise money; develop new products and services to improve fund operations.
Quantitative Research: Work closely with Sales and Trading teams to develop complex risk, liquidity and market impact models as well as analyze risk profiles of client portfolios.
Client Service: Work closely with hedge fund clients in support of all aspects of their operations and leverage these relationships to drive new business.

Capital Markets Prime Services Overview

Capital Markets Prime Services contains a variety of businesses organized as follows:

Business Advisory Services

Hedge Fund Consulting: The Hedge Fund Consulting group advises start-up hedge funds on how to build and operate their companies, with specific focus on choosing technology platforms, infrastructure requirements, personnel, strategy and corporate structure.
Capital Advisory: The Capital Advisory group provides a match-making service, providing forums to introduce fund managers to qualified investors.
Client Integration: The Client Integration group works with Marketing and Legal to ensure new client due diligence is performed. They manage the client on-boarding process, defining requirements, liaising with Technology on required platforms and providing training.
Product Management: The Product Management group is responsible for building out the Lehman Brothers prime brokerage platform.

Financing (The Financing businesses all include Sales and Trading roles.)

Credit Financing: The Credit Financing group specializes in providing liquidity in the corporate fixed income markets, sourcing and lending hard-to-borrow securities.
Liquid Markets Financing: The Liquid Markets Financing group engages in three primary functions: managing the Firm's matched book activities, supplying secured financing to institutional clients and providing secured funding for the Firm's activities.
Equity Financing: The Equity Financing group distributes the Firm's internal and external inventory of equities to our hedge fund clients and internal trading desks.
Equity Synthetics: The Equity Synthetics group is responsible for sales and trading of equity swaps, same strike option combinations, and other non-actively hedged OTC derivatives.
Liquidity Management: The Liquidity Management group is responsible for funding the Firm's balance sheet, including both customer and proprietary positions, using the secured financing markets.

Other Services

Client Service: The Client Service team acts as a central point of contact for clients and as key relationship managers.
Futures: The Futures group provides both execution and clearing services to our clients across all asset classes, with direct connectivity to 27 exchanges around the world. The group is integrated across Capital Markets and has Sales and Trading personnel embedded within the Fixed Income and Equities Divisions.
Structured Transactions: The Structured Transactions group negotiates large, private, highly structured trades with major global financial institutions that require deep understanding of financial, regulatory, accounting, tax and legal ramifications.