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Keenan was a summer analyst with Kinderhook in both 2008 and 2009 before joining the firm as an analyst in 2010. Mr. Bubis began his career as an analyst in the investmentbanking division at Bank of America Merrill Lynch. Today, Mr. Keenan focuses on Kinderhook’s environmental services and automotive verticals.
Latham & Watkins has made a double partner hire, with Fergus Wheeler and Paul Yin joining the London office within the Banking Practice. Yin received his Bachelor of Laws from the University of Sydney in 2009, and his Graduate Diploma of Legal Practice from The College of Law in 2010.
I would pick that one because I think they're as close to a monopoly as you could find a legal monopoly in their niche. I think it's actually misleading when a very large investmentbank comes out and says, hold, buy, strong buy. I feel a legal responsibility to talk about the stock each year. What is that?
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 investmentbanks. I was teaching corporate finance. RITHOLTZ: Right.
And I would do legal work for their clients, or give tax advice or do planning or investments. We never used hedge funds, but we used private equity, you know, private lending, you know, very early on for an RIA, we were doing legal tax investments, trust services, planning, all under one roof. I mean, tell us about that.
Barry Ritholtz : 00:06:24 So how do you, how do you shift from m and a legal work to structuring derivatives at Goldman? But a component of it was also like thinking through all these like legal and regulatory and quasi legal regimes. And it restarted in, I wanna say March of 2009, but like onlya little bit.
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 investmentbanks. RITHOLTZ: We call that legal insider trading.
So, yeah, I had a career in investmentbanking with Jefferies, and it was a really good professional experience because I do have the opportunity to work in M&A, equity and debt financing. I had the chance to be part of some very interesting transactions in the banking space. BERRUGA: You know, great question. RITHOLTZ: Wow.
You’re at Goldman Sachs, in the real estate division, in the middle of 2008, 2009, right through the worst of the financial crisis. But I think, you know, even just 12 or so years ago, when I joined the firm, you’d have senior professionals with legal pads, taking notes and meeting, saying, what did we just learn from that sale?
As you pointed out early in my career, I bounced around a bunch of investmentbanks, and what I learned through time was it was important when I interviewed the investmentbank, it was for them to interview me. And so, the investmentbanking activity started to explode. It was really crazy. BERNSTEIN: Right.
Excluding the prior year's net investment securities losses, it was up 21%, largely on higher asset management fees and investmentbanking fees. If youre worried youve already missed your chance to invest, now is the best time to buy before its too late. Next, the commercial and investmentbank on Page 6.
Asset management group had made an argument and then the investmentbank says, he works here, and then the emerging market people say, what about us, and it was going on and on. Things got worse and worse and on November 16th, 2009, Sergei went into critical condition. That was November 16, 2009. Again, he refuses.
So that, that sort of put Amherst on a different pact because prior to that, our core business model was investmentbanking, brokerage market making, and underwriting. And so, so starting in 2009, we, we, there was no flip market. Then they, then they changed regulations to where the investmentbanks can’t really step in.
You end up doing investmentbanking in New York in the mid nineties. None of the consultants would wanted to hire me, but the, somehow the investmentbanking side found me, or I found them. 00:04:16 [Speaker Changed] So, so let, let’s talk about some of those other ambitions. What was that like?
And I said, I’ll go get a master’s and things will be better in 2009, because these are one year programs. HOFFMAN: I moved to New York in 2010, working for a legal trade pub, a competitor of “Bloomberg Law”, “Law 360”, where I was hired, you know, your career is just a series of lucky breaks. RITHOLTZ: Right.
So moved over to London back in 2009 and the rest is history. It’s also legal and regulatory. If you look at the m and a volumes at at most of the major investmentbanks, including at Raymond G’s volumes came down. And one of them Brevin Howard would, was headquartered in London. Hence the valuation gap.
If youre worried youve already missed your chance to invest, now is the best time to buy before its too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, youd have $365,174 !* Apple: if you invested $1,000 when we doubled down in 2008, youd have $42,164 !*
The expense ratio is paid by investors and helps cover operating costs for running the fund, including management fees (if applicable), marketing and administrative expenses, legal fees, and much more. If youre worried youve already missed your chance to invest, now is the best time to buy before its too late.
So a lot of the investmentbanking analysts had already lined up their gig. And I remember I wrote a piece basically I think in June 2009, basically saying that the recession was over. It was really in March of 2009. I don’t see the Biden administration moving off of the Trump policies, limiting legal immigration.
Where do we stand on this doge effort in maximizing efficiencies and what will the legal system allow in regard to that? But we're seeing a lot of price cuts from investmentbanks across the board, at JP Morgan , Wells Fargo , a lot of folks piling on right now. Tariffs on, tariffs off. It was 0.75
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