The TRADE

MAY 24, 2024

We have seen a stabilisation of money flows in recent months, global funds are returning to the UK, while we continue to see outflows (mostly to US) of domestic asset managers. It is about creating a much bigger situation when you trade those names. Retail trading remains highly topical. The ability to pay via trading will help.

Bulge Bracket 52

Bulge Bracket Electronics Retail Trading 52

Wall Street Mojo

FEBRUARY 9, 2024

When listed as publicly traded companies, they mostly become small-cap and micro-cap stocks trading on the exchange. Example #2 Monomoy, a private equity firm, has created a new credit fund that introduced a niche in the LMM secondaries. Private credit funds mostly hold these loans for recapitalization.

Middle Market 52

Middle Market Bulge Bracket Private Equity Investment Banking 52

Mergers and Inquisitions

OCTOBER 18, 2023

Note that while Leveraged Finance is technically in “capital markets,” it is closer to groups like M&A because most of the work relates to funding for acquisitions and leveraged buyouts. Many firms put capital markets groups within “Investment Banking,” but some include it within Sales & Trading or “Global Markets.”

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

MARCH 27, 2024

All the bulge bracket banks in the U.K. Outside of IB, various asset managers, hedge funds, consulting firms, and trading firms also run some type of spring week program, but we’re focusing on banking here. The rates trading article has some tips for S&T assessment centers and interviews.

Investment Banking 105

Investment Banking Banking Bank Investment 105

Mergers and Inquisitions

FEBRUARY 28, 2024

While everyone seems to know about equity research and trading stocks, fixed income research gets far less attention. The confusing part is that fixed income research exists at banks (“ sell-side roles ”), buy-side firms such as asset managers and hedge funds , and even credit rating agencies, and each one differs.

Equities 59

Equities Debt Asset Management Funds 59

Mergers and Inquisitions

JANUARY 10, 2024

For example, they might ask you how to use a DCF, what bond yields are, or the trade-offs of debt vs. equity – but but they won’t ask you to build a DCF model or calculate Unlevered Free Cash Flow. As with the job itself, the theme is breadth over depth.

Investment Banking 59

Investment Banking Management Banking Bank 59

Mergers and Inquisitions

MARCH 22, 2023

per share when it was trading above $8.00 Do Not Use Customer Deposits for Funding – Some financial institutions operate like this, but it’s much more expensive, so they need to make riskier loans and investments to profit (think: mortgage REITs and business development companies). .” ” So, what happened? a year ago?

Bank 98

Bank Banking Government Investment Banking 98

The TRADE

OCTOBER 24, 2024

Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world. CLS Coming in at number three is the multi-currency settlement system, CLS.

Trading 120

Trading Investors IT S&P 120

Mergers and Inquisitions

DECEMBER 4, 2024

But this started changing in the 2010s and early 2020s as team values skyrocketed and billionaires, sovereign wealth funds , and sports private equity firms all jumped into the sector. Public / Private Split – This is vital for stadiums and arenas because it dictates where the funding will come from, but it also extends to other firm types.

Investment Banking 105

Investment Banking Banking Bank Investment 105

Mergers and Inquisitions

SEPTEMBER 11, 2024

Many private equity firms and hedge funds invest in renewables or related areas like chemicals, industrials, technology, and power. Despite what renewable cheerleaders often claim, the entire industry is very dependent on government subsidies, tax incentives, regulation, and even monetary/fiscal/trade policy.

Investment Banking 59

Investment Banking Banking Bank Investment 59

Mergers and Inquisitions

JANUARY 22, 2025

Traditionally, banks gave away equity research reports for free to incentivize large clients to trade with the bank. Therefore, equity research generated revenue indirectly via trading commissions , but it was still considered a front-office role due to the compensation, interaction with managers and investors, and exit opportunities.

Investment Banking 64

Investment Banking Equities Banking Bank 64

The Deal

AUGUST 15, 2023

” Microsoft scored a win on July 11, when a federal court in California denied the Federal Trade Commission’s request for a preliminary injunction — essentially allowing the deal parties to proceed. Savvy Gaming Group , funded by Saudi Arabia’s Public Investment Fund , agreed to pay $4.9

S&P 52

S&P Bulge Bracket Entertainment Mergers and Acquisitions 52

Mergers and Inquisitions

SEPTEMBER 6, 2023

government has become more aggressive about regulating all “private funds” (private equity, hedge funds, venture capital, etc.) You can read all ~660 pages of the new “Private Fund Rule,” but the SEC’s summary is more than enough. Annual Audits: Each private fund must receive an annual audit. and reviewing M&A deals.

Private Equity 105

Private Equity Equities Finance Finance 105

Cooley M&A

FEBRUARY 1, 2024

As a result, private debt providers and the syndicated market increasingly are competing on pricing and covenant packages to win new acquisition financing mandates, and many bulge bracket banks are sponsoring their own private debt funds. billion, which was funded through $2.65 billion, which was funded through $2.65

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

Mergers and Inquisitions

MAY 14, 2025

For example, a public finance team would not advise on an M&A deal between two data center REITs or on the financing for a privately funded offshore wind farm. However, public finance teams advise only governments, non-profits, and tax-exempt entities not private corporations and the scope of deals and industries is much narrower.

Investment Banking 59

Investment Banking Banking Bank Investment 59