The dynamic environment of investment banks, hedge funds, and private equity firms comes to life in David Stowell's introduction to the ways they challenge and sustain each other. Capturing their reshaped business plans in the wake of the 2007-2009 global meltdown, his book reveals their key functions, compensation systems, unique roles in wealth creation and risk management, and epic battles for investor funds and corporate influence. Its combination of perspectives-drawn from his industry and academic backgrounds-delivers insights that illuminate the post-2009 reinvention and acclimation processes. Through a broad view of the ways these financial institutions affect corporations, governments, and individuals, Professor Stowell shows us how and why they will continue to project their power and influence.
Table of Contents
Section One: Investment Banking 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. Credit Rating Agencies, Exchanges and Clearing and Settlement 8. International Banking 9. Convertible Securities and Wall Street Innovation 10. Investment Banking Career Opportunities and Trends
Section Two: Hedge Funds and Private Equity 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 Issues and Performance 16. Overview of Private Equity 17. LBO Financial Model 18. Private Equity Impact on Corporations 19. Organization, Compensation, Regulation and Limited Partners 20. Issues and Opportunities
Section Three: Case Studies 21. Investment Banking in 2008 (A): Rise and Fall of the Bear 22. Investment Banking in 2008 (B): A Brave New World 23. Freeport-McMoRan: Financing an Acquisition 24. The Best Deal Gillette Could Get? Procter & Gamble's Acquisition of Gillette 25. A Tale of Two Hedge Funds: Magnetar, Peloton, CDOs, and the 2008 Financial Crisis 26. Kmart, Sears, and ESL: How a Hedge Fund Became One of the World's Largest Retailers 27. McDonald's, Wendy's, and Hedge Funds: Hamburger Hedging? Hedge Fund Activism and Impact on Corporate Governance 28. Porsche, Volkswagen and CSX: Cars, Trains and Derivatives 29. The Toys "R" Us LBO 30. Cerberus and the U.S. Auto Industry
