The Motley Fool

NOVEMBER 28, 2023

Burry's claim to fame , which is detailed in the 2015 film The Big Short , and the 2010 novel by Michael Lewis ( The Big Short: Inside the Doomsday Machine ), goes back to the financial crisis of 2007-2009. If the underlying assets Scion owned CDSs on were to default, Burry and his fund would be due a hefty payday.

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Investors Asset Management Assets Banks 231

The Motley Fool

SEPTEMBER 15, 2024

Bank of America: 11.2% of the portfolio Buffett and Berkshire first invested in Bank of America (NYSE: BAC) , the U.S.'s s second largest bank by assets, in 2007 amid the global financial crisis. Moynihan has done a great job of transforming Bank of America and building it into the behemoth it is today.

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Banks Stakes Conglomerates Capital 130

Blackstone News

JULY 9, 2024

New York – July 9, 2024 – Blackstone (NYSE: BX) announced today that Tyler Dickson, formerly Global Head of Investment Banking and Vice Chair of Banking & International at Citi, will join Blackstone Credit & Insurance (“BXCI”) in a newly created role leading client relations for the group.

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Mergers and Acquisitions Collateral Investment Banking Investment Banks 52

Advent International

JULY 29, 2022

It also operates investment banking, merchant banking and brokerage businesses through YES Securities. The banks shares are listed on the National Stock Exchange and Bombay Stock Exchange. Advent has been investing in India since 2007 and founded its Mumbai office in 2009.

Banks 40

Banks Stakes Financial Services Stock Exchanges 40

Advent International

JANUARY 6, 2023

Advent has been investing in India since 2007 and founded its Mumbai office in 2009. Currently, it has invested/committed over $3.2 Previous healthcare investments in India also include Bharat Serums and Vaccines. Globally, Advent has invested over US$ 10.4 billion across 51 companies in healthcare.

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Stakes Mergers and Acquisitions Shareholders Banks 40

The Motley Fool

MAY 3, 2024

million investment banking transaction. Total revenues for the segment declined 21% to $82 million, driven by lower investment banking revenues and a 30% decline in non-cash MSR revenues from GSE lending. million premium write-off from the refinancing of acquired debt, and a $7.5 This is wholly different.

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The Big Picture

SEPTEMBER 12, 2022

KRISTEN BITTERLY MICHELL, HEAD OF NORTH AMERICAN INVESTMENTS, CITI GLOBAL WEALTH: It’s really interesting because I’m not someone that you would think would be the typical profile to end up in capital markets or — or sales and trading. At Citi, in 2007, fantastic timing, you take over as Head of Structured Solutions.

Banks 119

Banks Assets Capital Hedge Funds 119

Private Equity Insights

SEPTEMBER 14, 2023

The private equity-backed company, which is led by Texas billionaire businessman Timothy Dunn, has initiated discussions with investment banks about hiring advisers to run a sale process that will kick off by early 2024, the sources said. oil and gas producer going back at least three years.

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Buyout Debt Stakes Investment Banks 147

Private Equity Insights

OCTOBER 30, 2023

Alo Yoga founders Danny Harris and Marco DeGeorge have hired investment bank Moelis to advise on options that include selling a stake in the company, the sources said. It was founded in 2007 and has more than 50 stores in the U.S. and several international locations.

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The Big Picture

JANUARY 9, 2024

But there’s also a lot of, like at Wittel, you know, I was at Wachtel in 2005 to 2007, so really near the peak of a big merger’s boom. It was underwriting, you know, it was like doing investment banking, underwriting public offerings. So like if you’re a fancy corporate lawyer, you wanna be an investment maker.

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Mergers and Acquisitions Law Firms Hedge Funds Financing 52

The Big Picture

MAY 9, 2023

Investment banks were not really a known concept in the area where I grew up. One, when people have asked me to compare and contrast today versus 2007, 2008, what you hear from a lot of people is, yes, there’s some fairly heady valuations. There were some fairly aggressive kind of investment strategies being pursued.

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Liabilities Assets Banks Hedge Funds 119

The Big Picture

SEPTEMBER 26, 2023

I found this to be just a masterclass in everything you need to know about distressed credit investing, private credit, the role of the economy, the fed interest rates, inflation, bottoms up, credit picking, and how to manage a firm and a fund in light of just massive dislocations in your space, as well as the overall economy.

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Private Equity Firms Private Equity Firms Debt Banks 52

The Big Picture

OCTOBER 31, 2023

You would have the investment bank and the founders and a whole bunch of folks do these giant road shows and they would go from New York to Boston, they’d go out to San Francisco, they would go all around the country showing off the company before the big wedding.

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Hedge Funds Mutual Funds Funds Due Diligence 64

The Big Picture

AUGUST 8, 2022

So, until the financial crisis of 2007 and 2009 or however you go — you actually time it, I was in this finance bubble. In the financial crisis, let’s remember, Goldman Sachs and Morgan Stanley became bank holding companies. ADMATI: They were investment banks. I was teaching corporate finance. RITHOLTZ: Right.

Banks 81

Banks Debt Financing Finance 81

Pension Pulse

JANUARY 22, 2024

Last year, Ontario Municipal Employees Retirement System (OMERS) hired investment banks to find a new owner for Toronto-based LifeLabs , according to four sources familiar with the sales process. Two of the sources said OMERS picked New York-based Evercore Group LLC to run the process and also brought in a Canadian bank.

Stakes 52

Stakes Investing Bidding Assets 52

The Motley Fool

MAY 22, 2024

By the start of 2007, the S&P 500 had increased more than 25% since the start of Bush's presidency. The stock market peaked in mid-2007 and investment banks Bear Stearns and Lehman Brothers collapsed the following year, leading to the Great Recession. Yet, storm clouds were gathering.

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Stock Market Stock Market Investing Bidding 246

Pension Pulse

JULY 4, 2023

consortium, led by Australian investment bank Macquarie, that acquired Thames Water from Germany’s RWE AG for £8 billion. Macquarie and its co-investors made their position clear from the start, hiking dividends in the first year of their operations, 2007, to £656m when profits were a fraction of that at £241m.

Pension Funds 52

Pension Funds Debt Shareholders Stakes 52

The Big Picture

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. You know, we bought Hilton in June of 2007. RITHOLTZ: — firms or private equity firms? BARATTA: Yeah. The first job for Morgan Stanley was McCown De Leeuw. BARATTA: Yeah.

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Private Equity Firms Private Equity Firms Assets Financing 64

The Big Picture

APRIL 4, 2023

And what was fascinating about Drexel and kind of the diaspora, if you will, of that era was that we all basically went out looking to take that experience, particularly in high yield and kind of buyouts and financing, and do it at either banks or other investment banks. KENCEL: It’s the investment banking affiliate.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Banks Financing 59

The Big Picture

MARCH 12, 2024

So that, that sort of put Amherst on a different pact because prior to that, our core business model was investment banking, brokerage market making, and underwriting. We actually sold our investment bank to Bonko Santander as part of just the frustration with how much intervention had sort of driven down value in that space.

Hedge Funds 59

Hedge Funds Banks Assets Capital 59

The Big Picture

DECEMBER 14, 2022

I would say, though, if you look at the history of Blackstone real estate, some of our best investments were made at the worst possible times. You could argue buying that in 2007 was the worst possible time. And then also build a set of skills that could be used anywhere. RITHOLTZ: Of course.

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Assets Mergers and Acquisitions Capital Portfolios 64

The Big Picture

JANUARY 23, 2024

I grew up a political junkie, worked on senate races and governor’s races, and had the really good fortune of linking up with Barack Obama in 2007. And then in 2007 got recruited into Obama and that’s when I moved to DC Barry Ritholtz : 00:05:43 [Speaker Changed] Huh. I lived in Rhode Island working for a senate race.

Startups 52

Startups Conglomerates Venture Capital Capital 52

The Big Picture

APRIL 11, 2023

And as you well know, in 2007, accountants fixed what I thought was a horrendous mistake — RITHOLTZ: Right. RITHOLTZ: So have we now gotten to the point where this sort of silliness is over, or are the venture capitalists and investment banks that bring these companies public, are they still playing that game?

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Education Financing Finance Taxes 119

The Big Picture

AUGUST 23, 2022

Asset management group had made an argument and then the investment bank says, he works here, and then the emerging market people say, what about us, and it was going on and on. And so, in the 23rd of December 2007, two days before Christmas, they applied for $230 million fraudulent tax refund. That’s what they said.

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Legal Banks Law Firms Taxes 128