Peer-to-peer funding offers alternative finance source

Nicolas Billeaud, head of US equities peer-to-peer funding at Light Horse Market Solutions, says P2P provides an alternative funding source to the traditional prime broker route

A recent piece published by JP Morgan, in its role as prime broker, suggests that it is feeling the need to come forth with the blunt reality of the consequences of Basel III. That is, it may be time for fund managers to contemplate alternative funding sources. In a paper called Leveraging the Leverage Ratio, it wrote:

“As the financing markets evolve it may be appropriate for hedge fund managers to consider developing internal treasury functions which would enable direct access to the funding