Mergers and Inquisitions

SEPTEMBER 13, 2023

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed investing offers equity-like returns with lower risk.” Distressed assets offer non-correlated returns, similar to global macro.”

Debt 103

Debt Funds Investment Equities 103

Wizenius

MARCH 25, 2023

BP: In 2010, BP had to pay $20 billion for the 2010 Deepwater Horizon oil spill. If the company is not an FX boutique or exchange, FX gains and losses typically are not part of the company's EBITDA. Tesla added back this one-time expense to its EBITDA calculation, resulting in an adjusted EBITDA of $4.2

Insurance 52

Insurance IT Investment Shares 52

The Deal

DECEMBER 20, 2023

As a junior banker, Epstein “learned about the importance of marketing,” he said, a skill that’s become essential in large law firms and one that Epstein uses as a partner and the co-head of M&A and private equity at Fried, Frank, Harris, Shriver & Jacobson LLP, which he joined in 2010.

Bank 69

Bank Banking M&A Private Equity 69