Brian DeChesare

FEBRUARY 28, 2024

For the right person, though, fixed income research can be even better than equity research, whether you’re at a bank, an asset management firm, a hedge fund, or a credit rating agency: Table of Contents: What is Fixed Income Research? closer to the work at a quant fund ).

Equity 59

Equity Banking Start-ups Finance 59

Harvard Corporate Governance

JUNE 16, 2022

Posted by Jason Frankl and Brian Kushner, FTI Consulting, on Thursday, June 16, 2022 Editor's Note: Jason Frankl and Brian Kushner are Senior Managing Directors at FTI Consulting. A Flesh-and-Blood Perspective on Hedge Fund Activism and Our Strange Corporate Governance System by Leo E. Strine, Jr. discussed on the Forum here ).

Marketability 307

Marketability Technology 307

Harvard Corporate Governance

JULY 18, 2023

Posted by Jim Roseman, Christopher Ludwig, and Cameron Fitzgerald, Barclays Global Advisory Group, on Tuesday, July 18, 2023 Editor's Note: Jim Roseman is Global Head of Shareholder Advisory, Christopher Ludwig is a Managing Director, and Cameron Fitzgerald is a Vice President at Barclays. Strine, Jr.

130

130

Brian DeChesare

APRIL 13, 2022

When the average person thinks of hedge funds, long/short equity is often the first thing that comes to mind. The basic idea is simpler than other hedge fund strategies , but it gets more complex when you think about the entire portfolio and risk management: What is Long/Short Equity?

Equity 91

Equity Start-ups Banking Marketability 91

Brian DeChesare

MARCH 13, 2023

Then, the bank lends these funds to companies and individuals and charges interest on these loans. These loans create matching deposits on the L&E side of the bank’s Balance Sheet, and the bank then finds real deposits or other funding sources to back the loans. But the U.S.

Banking 112

Banking Start-ups Equity Treasury 112

Harvard Corporate Governance

NOVEMBER 23, 2022

Posted by Pat Tucker, Garrett Muzikowski, Alanna Fishman, FTI Consulting, on Wednesday, November 23, 2022 Editor's Note: Garrett Muzikowski is a Director, Pat Tucker is a Senior Managing Director, and Alanna Fishman is a Managing Director at FTI Consulting. This post is based on their FTI Consulting memorandum. more…).

Marketability 249

Marketability 249

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

MAY 10, 2023

Within the city-state, there are also 3 target universities: Singapore Management University (SMU), Nanyang Technological University (NTU), and the National University of Singapore (NUS). Sector specialization tends to occur later because no single industry dominates all deal activity. 1,000 | Singapore: ~170 Hedge Funds: U.S.:

Banking 99

Banking Start-ups Equity Marketability 99

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 30, 2022

Private Equity Exit Opportunity #2: Join a Hedge Fund. As discussed in the hedge funds vs. private equity article , this path is surprisingly common because many people fall into this category. You become more specialized – Working at a hedge fund makes you “sharper but narrower.”

Equity 89

Equity Banking Start-ups Marketability 89

Brian DeChesare

MARCH 16, 2022

Ask any banker interested in hedge funds about the specific strategies they like, and merger arbitrage will usually come up. You’ll even have an advantage over public markets professionals ( sales & trading , asset management , other hedge funds , etc.) who haven’t worked on mergers and acquisitions directly.

Start-ups 59

Start-ups Equity Marketability Banking 59

Brian DeChesare

MAY 18, 2022

Global macro might be the most paradoxical hedge fund strategy. In practice, very few hedge fund Portfolio Managers consistently achieve good results with this strategy over long periods. vs. What Makes Global Macro Hedge Funds Different? over the next 12 months. You could buy FX put options at 0.53

Banking 52

Banking Equity Marketability Finance 52

Brian DeChesare

OCTOBER 12, 2022

That said, much of it is better than the junk found on generic websites about how to start a hedge fund. Solid Limited Partner (LP) relationships at endowments, pensions, funds of funds , family offices , sovereign wealth funds, etc., But each skill will be essential as you raise a fund, hire people, and do deals.

Private Equity Firm 59

Private Equity Firm Equity Start-ups Marketability 59

Brian DeChesare

FEBRUARY 15, 2023

No single deal type dominates the market if you look at the fee data: Investment Banking in Australia: Recruiting and Interviews While the top banks and industries differ in Australia, the recruiting process really is a mix of the ones in the U.S. 1,000 | Australia: ~250 Hedge Funds: U.S: ~3,200 | U.K.: ~500 and the U.K.

Banking 94

Banking Finance Equity Start-ups 94

Brian DeChesare

APRIL 24, 2024

Management consulting firms like to hire candidates from diverse backgrounds, but for tech and finance roles, you have a big advantage with relevant work experience. For example, if you have no finance experience , it is highly unlikely that you will get an offer at a multi-manager hedge fund or private equity mega-fund after the degree.

Start-ups 59

Start-ups Banking Finance Equity 59

Brian DeChesare

JULY 26, 2023

A long time ago, hardly anyone knew about search funds or search fund internships. But over the years, they morphed into a well-known topic and then a commonly derided topic – as many people argue that search fund experience is worthless, while others claim it’s “just as good” as working in banking or private equity.

Banking 52

Banking Equity Start-ups Private Equity Firm 52

Brian DeChesare

JANUARY 4, 2023

In March, the Fed finally started hiking rates, and in May and June, the pace accelerated; the federal funds rate ended the year in the 4.25% – 4.50% range, the highest level since 2007. Inflation proved not-so-transitory, and it persisted in the high-single-digit range despite interest-rate increases in almost every major country.

Marketability 91

Marketability Start-ups Treasury Dividends 91

Reynolds Holding

SEPTEMBER 11, 2023

Securities and Exchange Commission (“ SEC ”) adopted new rules under the Investment Advisers Act of 1940 (the “ Advisers Act ”) that will significantly impact private fund advisers (the “ Final Rules ”). Reporting Required for Legacy Funds. On August 23, 2023, the U.S. The Proposed Rules Housed Some Red Herrings as We Hoped.

Compliance 40

Compliance Marketability Start-ups Banking 40

Reynolds Holding

MARCH 30, 2022

The SEC announced my appointment so recently that I can still remember one of the reports of that news, which arrived under the following headline: “Fund Critic Birdthistle to Take Reins at SEC’s Division of Investment Management.” [2] First, I celebrate funds and their central role in the U.S. 6] By comparison, the entire U.S.

Banking 45

Banking Marketability Finance Start-ups 45

Reynolds Holding

MAY 9, 2023

First, the rule allows voting stockholders to make their own ad hoc choice of nominees from the slates proposed by management, on one hand, and by the nominating stockholder, on the other. 21] This may be a particular concern where the nominating stockholder is an activist hedge fund – “the archetypal short-term investor.” [22]

Dividends 45

Dividends Finance Equity Marketability 45

Brian DeChesare

JUNE 22, 2022

For example, crime and homelessness are bad in these cities, except for Houston (maybe?) , but there’s also less to do in Houston for young/single people. For example, if you work in Chicago, you’re less likely to win an offer at an NY-based private equity mega-fund. Plenty of other cities in the U.S.

Banking 93

Banking Start-ups Finance Marketability 93

Appraisers Blog

OCTOBER 18, 2023

Which takes us full circle right back to the big ibuyers and hedge funds, mega investors, getting special favors from the GSE’s where they receive first purchase opportunities at special discounts which normal regular level investors can’t even access. It’s the win win for them, lose lose for the citizens.

Appraisal 56

Appraisal Banking Marketability 56

Reynolds Holding

NOVEMBER 28, 2023

As expected, such rules have opened the gates for social activists like labor unions to hijack the annual shareholder meeting process as a very public platform to pressure corporate management and advance their agendas. Last year saw the implementation of the so-called universal proxy rules by the SEC.

Marketability 40

Marketability 40

Brian DeChesare

JANUARY 18, 2023

“Finance” could refer to dozens of careers: corporate finance at normal companies , credit analysis , commercial or corporate banking , private wealth management , investment banking , private equity , equity research , hedge funds , venture capital , and even roles like commercial real estate and risk management in the middle office.

Finance 119

Finance Start-ups Banking Corporate Finance 119

Reynolds Holding

MAY 11, 2022

Our economy benefits from a well-functioning swaps market, as it’s essential that companies have the ability to manage their risks. International banks were using credit default swaps to lower regulatory capital requirements and to hedge their bank loan portfolios — or so they thought. I was serving at the U.S.

Marketability 45

Marketability Banking Compliance Treasury 45

Brian DeChesare

MARCH 27, 2024

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 overall odds look like this: < 5%: Your chances of winning a spring week from a single application. ~50%: All the bulge bracket banks in the U.K.

Banking 95

Banking Start-ups Finance Corporate Finance 95

IVSC

NOVEMBER 30, 2022

When an opportunity came up to be the sixth employee at C-BASS, a fledgling hedge fund in the mortgage space, I leapt at chance to build something new at a smaller shop and spent 10 years with the firm developing my financial skills, including getting an MBA in finance, which helped me to go from being an analyst to a portfolio manager.

Start-ups 130

Start-ups Marketability Finance Banking 130

Simply Treasury

JULY 12, 2021

Although the large IT vendors are necessary to properly serve large MNCs, we must accept that they cannot solve every single problem and that fintech’s may be solutions to problems often faced. SMEs, Private Equity Funds, Family Offices, holding companies, fund servicers,) not that well equipped. No one can explain it.

Treasury 52

Treasury Finance Marketability Technology 52

Brian DeChesare

FEBRUARY 2, 2022

Managing Director (MD) 35-50 $400-$600K $1,000-$3,000K+ N/A. MDs: N/A (too difficult to determine a single “average”). Investment Banker Salary and Bonus Levels: Managing Directors. Of course, the compensation ceiling at the top in PE, hedge funds, etc., Associate 25-35 $175-$225K $300-$550K 3-4 years. VPs: 25-30%.

Banking 130

Banking Start-ups Equity Finance 130

Reynolds Holding

MAY 25, 2022

That is, the likelihood that a single retail trade contains fundamental information about future stock prices may not have changed. By some accounts, retail trading volume has reached that of mutual funds and hedge funds combined, growing from roughly 15–18 percent of all trades in early 2020 to 30 percent of all trades by early 2021.

Marketability 83

Marketability Market Capitalization Appraisal Technology 83

Brian DeChesare

MAY 25, 2022

Here are the most important points: Importance: Private equity headhunters are the most important in the on-cycle recruiting process for larger funds ( upper-middle-market and mega-funds ) in the U.S.; You need a solid “ story ” and specific types of funds you want to target. The Top Private Equity Headhunters. In the U.S.,

Equity 52

Equity Private Equity Firm Start-ups Banking 52

Brian DeChesare

JUNE 1, 2022

Regulators might block large corporate-to-corporate M&A deals and might not allow a company to raise its rates, but they’re less likely to block the acquisition of a single power plant or a smaller transmission network. 90% of water and waste management is managed by municipal governments. In the U.S., Prospectus.

Banking 96

Banking Equity Book Value Capital Structure 96

Reynolds Holding

FEBRUARY 1, 2023

24] As private companies have gained increasingly large market power and as the pool of accredited investors has expanded – including venture capital, private equity funds, mutual funds, pension funds, and individuals that meet the requisite wealth thresholds – the de facto presumption that accredited investors need no disclosure isn’t panning out.

Marketability 58

Marketability Corporate Finance Compliance Equity 58

Benzinga

AUGUST 15, 2022

Blue Water's platform is actively used by originators today and spans pricing, trading, commitment, pre-funding quality control, transfer, due diligence, and servicing oversight of various types of mortgage assets. Blue Water uses a single platform across all investor types to mitigate timing risk and account for rate changes.

Technology 40

Technology Marketability Banking Equity 40

Musings on Markets

SEPTEMBER 19, 2023

As the company has struggled, coming off its COVID high, there has been turnover in its management ranks. It happened to mutual fund managers decades ago, and it has happened to hedge funds and private equity over the last two decades.

Start-ups 102

Start-ups Marketability Technology Equity 102

Reynolds Holding

AUGUST 30, 2023

Although asset managers and institutional investors will often act independently of activists, the relationships between them in recent years have encouraged frequent and aggressive activist attacks. Seeking to create divisions within the boardroom or between the board and management.

Equity 40

Equity Dividends Total Shareholder Return Finance 40

Reynolds Holding

SEPTEMBER 7, 2022

Although UPC contests will increase the workflow of institutional investors, many funds have ramped up teams to evaluate these situations in recent years, so they are likely well prepared for this shift.

Equity 45

Equity Dividends Total Shareholder Return Marketability 45