Sara Grillo

MAY 8, 2023

Add in some leverage and POOF it’s a powder keg waiting to explode! It gets even worse in the case of using leverage. The fair market value of the cap is what the carrier paid the investment bank to buy the 10% cap. Let’s supposed for a minute the cap is 10%. And that’s it. SARA GRILLO: Why is it dangerous?

Mutual Funds 59

Mutual Funds Collateral Taxes Leveraging 59

The Big Picture

MAY 9, 2023

Investment banks were not really a known concept in the area where I grew up. SALISBURY: So I led the European Special Situations Group from 2008 to 2013. There were some fairly aggressive kind of investment strategies being pursued. But I would say generally, there’s less leverage in the system.

Liabilities 119

Liabilities Assets Banks Hedge Funds 119

The Big Picture

DECEMBER 14, 2022

So all the things that we’ve been doing during COVID, we started in 2013. RITHOLTZ: Because the underlying owner just kept leveraging and leveraging and leveraging, and somebody very smart in private equity, went out and bought up 51 percent of the debt for pennies on the dollar. MCCARTHY: Right.

Assets 64

Assets Mergers and Acquisitions Capital Portfolios 64

Pension Pulse

MARCH 3, 2025

billion) funds approach to investing. After nearly 20 years in investment banking, at Deutsche Bank and then Credit Suisse, in 2013 he moved to Borealis, OMERS infrastructure arm, to run infrastructure globally and then head the capital markets team. And hes used that vast and varied experience to revamp the C$138.2

Buyout 52

Buyout Pension Funds Investing Assets 52

The Big Picture

JANUARY 7, 2025

Leverage buyouts requires leverage. And when rates were so low, the leverage went, it was cheap and, and and easily accessible. If you look at the m and a volumes at at most of the major investment banks, including at Raymond G’s volumes came down. But also it helped private equity do deals, right?

Capital 52

Capital Hedge Funds Buyout Funds 52

The Big Picture

JULY 31, 2023

And then I don’t know what God smiled on me, but I got hired by the Wall Street Journal in 2013. RITHOLTZ: So you start in 2013, and then you proceed to get some major news stories that you either covered intimately or broke. You know, when I got hired in 2013, M&A was dead. How did you tumble your way into that?

Hedge Funds 52

Hedge Funds Startups Financing Finance 52

The Big Picture

FEBRUARY 17, 2025

So when I resigned from JP Morgan to pursue my MBA at Harvard, I applied to and got accepted into Morgan Stanley’s MBA fellowship within the investment bank. Within the investment bank. So I had some experience in Africa that was able to leverage for this role. So my original focus was Sub-Saharan Africa.

Investing 59

Investing Funds Financing Finance 59

The Big Picture

OCTOBER 31, 2022

There’s a lot of people writing about that back in 2012, 2013, that they started selling at a premium multiple to the market, which is very obviously not the case today. They got a lot of leverage. RITHOLTZ: What sort of advice would you give to a recent college grad who is interested in a career in investing in finance?

Financing 59

Financing Finance Debt Banks 59

The Big Picture

FEBRUARY 7, 2023

So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveraged buyouts. I mean, you know, I probably shouldn’t have been doing it because I had been a journalist covering public schools and knew nothing about leveraged buyouts. COHAN: Everybody wanted to be an investment banker.

Banks 103

Banks Mergers and Acquisitions Capital Companies 103