Prime Brokerage services are provided by investment banks to institutional clients such as hedge funds. These services typically include trade execution, securities lending, clearing and settlement, and custodial services. The prime broker acts as a central hub for a fund's trading activities, enabling access to leverage and optimizing capital efficiency. The relationship with a prime broker often involves customized services tailored to a hedge fund's investment strategy. For example, in the case of a fund of funds (FoF), prime brokers provide services that help facilitate efficient trading and reporting across multiple underlying funds. A good relationship with a prime broker is essential for funds seeking to leverage their positions and execute trades at scale.