Sales-trading skill varies between hedge and long-only

Determining which broker is best at sales trading for Asian equities depends on whom you ask. According to a survey of buy-side equity traders conducted by AsianInvestor, hedge funds’ preferred sales traders are at Morgan Stanley, Goldman Sachs and JP Morgan. But ask the long-only desks, and you get a totally different set of names, led by Citi, Bank of America-Merrill Lynch and CLSA. The survey was conducted over the course of September from an eligible universe of 400 traders …