Overview

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.

Full Product Details

Author:   David P. Stowell (Professor of Finance, Kellogg School of Management, Northwestern University, Evanston, IL, USA)
Publisher:   Elsevier Science Publishing Co Inc
Imprint:   Academic Press Inc
Dimensions:   Width: 18.40cm , Height: 3.00cm , Length: 26.00cm
Weight:   1.270kg
ISBN:  

9780123745033

ISBN 10:   0123745039
Pages:   592
Publication Date:   19 March 2010
Audience:   College/higher education ,  Tertiary & Higher Education
Replaced By:   9780124158207
Format:   Hardback
Publisher's Status:   Out of Print
Availability:   In Print  
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

Table of Contents

"Section One: Investment Banking 1 – Overview of Investment Banking 2 – Regulation of the Securities Industry 3 – Financings 4 – Mergers & 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 Investment Banking in 2008 (A): Rise and Fall of the Bear Investment Banking in 2008 (B): A Brave New World Freeport-McMoRan: Financing an Acquisition The Best Deal Gillette Could Get? Procter & Gamble’s Acquisition of Gillette A Tale of Two Hedge Funds: Magnetar, Peloton, CDOs, and the 2008 Financial Crisis Kmart, Sears, and ESL: How a Hedge Fund Became One of the World’s Largest Retailers McDonald’s, Wendy’s, and Hedge Funds: Hamburger Hedging? Hedge Fund Activism and Impact on Corporate Governance Porsche, Volkswagen and CSX: Cars, Trains and Derivatives The Toys ""R"" Us LBO Cerberus and the U.S. Auto Industry"

Reviews

Books on investment banking are few and far between and mostly out of date. Usually they are very academic or written by lawyers rather than by someone who understands the business. This one, written by a former practitioner, gives students of investment banking just the insights they need into the nexus of investment banking, private equity and hedge funds. --Brian Scott-Quinn, Chair in Investment Banking, ICMA Centre, Henley Business School, University of Reading Investment banking is in permanent change. This new book on investment banking describes the most recent trends that have taken place in the industry, in particular the interaction between investment banking and the hedge funds and private equity businesses. This is an exhaustive and up-to-date guide to the major banking activities. The different themes covered in the book are illustrated by fascinating real life cases. The book by David Stowell will become the new reference on investment banking. --Pierre Hillion, INSEAD A clearly written account of several popular segments of the global financial services industry. Students who wish to enhance their understanding of the banking system would benefit from reading this book. --Sanjay Gupta, Swiss Finance Academy

Books on investment banking are few and far between and mostly out of date. Usually they are very academic or written by lawyers rather than by someone who understands the business. This one, written by a former practitioner, gives students of investment banking just the insights they need into the nexus of investment banking, private equity and hedge funds. --Brian Scott-Quinn, Chair in Investment Banking, ICMA Centre, Henley Business School, University of Reading Investment banking is in permanent change. This new book on investment banking describes the most recent trends that have taken place in the industry, in particular the interaction between investment banking and the hedge funds and private equity businesses. This is an exhaustive and up-to-date guide to the major banking activities. The different themes covered in the book are illustrated by fascinating real life cases. The book by David Stowell will become the new reference on investment banking. --Pierre Hillion, INSEAD A clearly written account of several popular segments of the global financial services industry. Students who wish to enhance their understanding of the banking system would benefit from reading this book. --Sanjay Gupta, Swiss Finance Academy

Books on investment banking are few and far between and mostly out of date. Usually they are very academic or written by lawyers rather than by someone who understands the business. This one, written by a former practitioner, gives students of investment banking just the insights they need into the nexus of investment banking, private equity and hedge funds. --Brian Scott-Quinn, Chair in Investment Banking, ICMA Centre, Henley Business School, University of Reading Investment banking is in permanent change. This new book on investment banking describes the most recent trends that have taken place in the industry, in particular the interaction between investment banking and the hedge funds and private equity businesses. This is an exhaustive and up-to-date guide to the major banking activities. The different themes covered in the book are illustrated by fascinating real life cases. The book by David Stowell will become the new reference on investment banking. --Pierre Hillion, INSEAD A clearly written account of several popular segments of the global financial services industry. Students who wish to enhance their understanding of the banking system would benefit from reading this book. --Sanjay Gupta, Swiss Finance Academy

Author Information

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.

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