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What is the connection between Gallant/GCMFX and GCM Prime Ltd?

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asked Apr 17 by Laura (2,840 points)

1 Answer

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answered Apr 17 by Nea (2,660 points)
selected Apr 17 by Laura
Best answer

The connection is twofold 
First, the business connection, whereby GCM Prime has lost a client of its liquidity and prime brokerage services, although not a material client, and second, if GCMFX has unsatisfied creditors then they are likely to try to get their money back from Prima Trade, which could iclude its holding in GCM Prime.

commented Apr 17 by Laura (2,840 points)
Thank you Nea.