Brian DeChesare

MAY 24, 2023

“Event-driven hedge funds” is one of the more confusing labels in finance. Part of the issue is that many different strategies fall within the “event-driven” category: merger arbitrage , activist investing , distressed investing, special situations, and more. If this fund is right, the company’s price may increase by 50%.

Equity 64

Equity Start-ups EBITDA Banking 64

Musings on Markets

JANUARY 29, 2021

I generally try to stay out of fights, especially when they become mud-wrestling contests, but the battle between the hedge funds and Reddit investors just too juicy to ignore. but in the process, driven some of the hedge funds that have sold short on these companies to edge of oblivion.

Start-ups 52

Start-ups Marketability Banking Finance 52

Brian DeChesare

FEBRUARY 28, 2024

Partially, it’s an issue of accessibility: Everyone understands what happens to the stock price if a company beats earnings… …but few people understand what it means if a company is set to violate a debt covenant on page 214 of its credit agreement. closer to the work at a quant fund ).

Equity 59

Equity Banking Start-ups Finance 59

Brian DeChesare

JULY 19, 2023

When you hear the term “long-only hedge funds,” your first thought might be: “How can a hedge fund hold only long positions? Doesn’t that contradict the term ‘hedge fund’? Why would investors pay high fees for what is effectively a mutual fund?” These are all good questions.

Equity 52

Equity Beta Banking Start-ups 52

Brian DeChesare

APRIL 6, 2022

Consumer Retail Investment Banking Definition: In consumer retail IB, bankers advise companies in the consumer staples, consumer discretionary, and retail industries on raising debt and equity and completing mergers, acquisitions, and restructuring/bankruptcy deals. Marcato – Activist Hedge Fund Presentation.

Banking 97

Banking Start-ups Equity Marketability 97

Brian DeChesare

JULY 27, 2022

Credit hedge funds might be the most consistently overlooked buy-side opportunity. But if you have the right knowledge and experience, credit hedge funds can provide a great career path: What is a Credit Hedge Fund? Types of Credit Hedge Funds. See the example above.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Brian DeChesare

APRIL 10, 2024

In Europe, 35% of football clubs have been funded via capital from PE/VC firms, sovereign wealth funds, or private consortiums. But this article will focus on dedicated sports PE firms and some mega-funds that have made sports investments. leagues except the NFL now allow PE firms to own minority stakes in teams.

Equity 88

Equity Private Equity Firm Start-ups Accounting Firms 88

Brian DeChesare

NOVEMBER 2, 2022

A Restructuring offer at PJT arguably beats a GS / MS / JPM offer if you want to focus on distressed deals , but an offer in Industry Group X does not. The most common ones for bankers are private equity and hedge funds , but plenty go into corporate development , venture capital , growth equity , private credit , and so on.

Banking 79

Banking Start-ups Finance Equity 79

Musings on Markets

FEBRUARY 3, 2021

There are three levels at which a gap between value and price can feed back into value: Perception : While nothing fundamentally has changed in the company, a rise (fall) in its stock price, makes bondholders/lenders more willing to slacken (tighten) constraints on the firm and increase (decrease) the chances of debt being renegotiated.

Start-ups 52

Start-ups Equity Marketability 52

Brian DeChesare

JUNE 1, 2022

Power and Utilities Investment Banking Definition: In power/utilities IB, bankers advise companies that produce, transmit, and distribute electricity, natural gas, and water on raising debt and equity and completing mergers and acquisitions. The most common deal types in this group are debt issuances and asset acquisitions/divestitures.

Banking 96

Banking Equity Book Value Capital Structure 96