Goldman Sachs loses Asia Prime Borkerage Share

According to AsiaHedge magazine -MS overtook GS becoming No. 1 in term of share of Asia-Pacific prime brokerage market -GS share drop from 44% to 25%, MS increased 27% to 28%, UBS 7.2% -All increased their share of hedge funds asssets -Prime brokers earn some of their revenue from lending securitities to fund managers who then sell them, betting thy can buy them back at a profit - known as short selling.