Analysts at investment banks are giving less time to mutual fund portfolio managers who call them looking for stock insight and more time to hedge funds, Bloomberg reports. The reason is because hedge funds are more lucrative clients, given their needs for prime brokerage, securities loans and complex trades, and managers at investment banks are instructing their analysts to cater to these preferred clients.

According to Greenwich Associates, the average hedge fund pays $33 million a year in commissions, while the average mutual fund pays $16 million, or less than half, of that.

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