Investment Banks, Hedge Funds, and Private Equity, Fourth Edition provides a real-world view of this fast-evolving field, reviewing and analyzing recent innovations and developments. This reference captures the actual work of bankers and professional investors, providing readers with templates for real transactions and insight on how investment banks, hedge funds, and private equity firms provide services to each other while creating opportunities for corporations and investors to raise capital, invest, hedge, finance, acquire, divest, and risk manage. For each type of institution, the business model, organizational structure, products, challenges, regulatory issues, and profit-making opportunities are explained. In addition, specific transactions are analyzed to make clear how advisory services, financings, investments, and trades produce profits or losses, and which types of risks are most commonly taken by each type of institution. Importantly, the linkage of investment banks, hedge funds, and private equity to corporations, governments, and individuals is described, enabling the reader to more clearly understand how these organizations impact them and how their products and services can be best utilized.
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Part I 1. Overview of Investment Banking 2. Regulation of the Securities Industry 3. Financings 4. Mergers and Acquisitions 5. Trading 6. Asset Management, Wealth Management and Research 7. Exchanges, Clearing and Settlement and Credit Rating Agencies 8. International Banking 9. Convertible Securities and Innovation 10. Investment Banking Careers, Opportunities and Issues Part II 11. Overview of Hedge Funds 12. Hedge Fund Investment Strategies 13. Shareholder Activism and Impact on Corporations 14. Risk, Regulation and Organizational Structure 15. Hedge Fund Performance and Issues 16. Overview of Private Equity 17. LBO Financial Model 18. Private Equity Impact on Corporations 19. Organization, Compensation, Regulation and Limited Partners 20. Private Equity Issues and Opportunities 21. Private Equity in China Cases 1. Investment Banking in 2008 (A): Rise and Fall of the Bear 2. Investment Banking in 2008 (B): A Brave New World 3. Freeport-McMoran: Financing an Acquisition 4. The Best Deal Gillette Could Get?: Procter & Gamble’s Acquisition of Gillette 5. A Tale of Two Hedge Funds: Magnetar and Peloton 6. Kmart, Sears and ESL: How a Hedge Fund Became One of the World’s Largest Retailers 7. McDonald’s, Wendy’s and Hedge Funds-Hamburger Hedging?: Hedge Fund Activisim 8. Porsche, Volkswagen and CSX: Cars, Trains and Derivatives 9. The Toys "R" Us LBO 10. Cerberus and the U.S. Auto Industry 11. H.J. Heinz M&A Transaction 12. Quintilles IPO Transaction 13. New Case on M&A Transaction Litigation
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Examines the unique nature of investment banks, private equity firms and hedge funds, including how their relationships drive financial markets
Integrates case studies with relevant chapters in the book to create real world applications of chapter teachings Employs spreadsheet models to enable readers to create analytical frameworks for considering choices, opportunities, and risks described in the cases Analyzes specific transactions to make clear how advisory services, financings, investments, and trades produce profits or losses
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Produktdetaljer

ISBN
9780323884518
Publisert
2023-09-20
Utgave
4. utgave
Utgiver
Elsevier Science & Technology
Vekt
1310 gr
Høyde
235 mm
Bredde
191 mm
Aldersnivå
U, 05
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
784

Biografisk notat

David P. Stowell is a professor of finance at Northwestern University’s Kellogg School of Management, where he teaches classes that focus on investment banking, hedge funds, private equity and venture capital. He also teaches undergraduate courses on these topics at Northwestern University. Prior to joining Northwestern in 2005, he was managing director at JP Morgan, working in Chicago with responsibility for part of the firm's mid-west investment banking business. In addition, he worked in investment banking at UBS as managing director and co-head of U.S. equity capital markets, and at Goldman Sachs, where he co-managed an equity derivatives business and worked in corporate finance in New York and Tokyo. He was also a managing director at O'Connor Partners, a hedge fund based in Chicago. He graduated from Utah State University with a BA in Economics and from Columbia University's Graduate School of Business with an MBA in Finance. In addition to his current teaching responsibilities, he manages Paradigm Partners, a boutique firm that provides M&A and capital raising services and general advice regarding investment banking, hedge fund, and private equity activities to selected clients. Paul Stowell is a managing director and head of the U.S. Strategic Equity Transactions Group at Jefferies LLC. He has previously been managing director at Deutsche Bank, originating, structuring and executing convertible financings, corporate equity derivatives and margin loans on concentrated equity stakes. Earlier in his career he worked at UBS as an exotic equity derivatives trader and subsequently as a convertible bond trader. He designed and led auctions to facilitate the largest-ever sales of warrants for cash, raising over $7 billion in total including $1.8 billion in the largest offering. He has designed and sold unique equity-linked securities to help companies raise capital for special circumstances. He has helped many companies repurchase stock in a thoughtful manner, and worked with large shareholders on hedging and structured monetization transactions. As an adjunct instructor, he has taught semester-long courses on Investment Banking and on Hedge Funds & Private Equity at universities including the University of Utah, and has also been a guest lecturer at multiple universities on sales & trading and other topics. Paul graduated from Yale University with a BA in Economics.