Pension Pulse

SEPTEMBER 28, 2023

However, the US investor has been involved in the Costa Group journey for much longer than that, having been a majority owner of the company prior to its 2015 initial public offering (IPO) on the ASX with its first equity stake acquired in 2011, back when its name was Paine + Partners. PSP had previously snared a 13.78 Wells Fargo ranked No.

Shareholders 52

Shareholders Financing Finance Banks 52

The Motley Fool

JANUARY 12, 2024

All of this was helped by the years of Bank of America's assiduous dedication to responsible growth. We achieved 170 basis points of operating leverage in 2023, as heightened quarterly expense levels were driven lower throughout the year, even as the investments in growth continued. And our supplemental leverage ratio was 6.1%

Banks 130

Banks Taxes Accounting Capital 130

The Motley Fool

JANUARY 6, 2024

I'm not an expert on the company or really any investment bank. But it also underperforms Citigroup , which is our version of Deutsche Bank. When it comes to investment banks, it's the dysfunctional member of the family. Matt Argersinger: Same with all the employees at Goldman Sachs and investment banks.

Investing 130

Investing Portfolios Shareholders Banks 130

The Motley Fool

MARCH 26, 2024

Dylan Lewis: It's interesting to look at this news because Dollar Tree and Family Dollar have not been tied up together for all that long, the acquisition for $9 billion back in 2015. The thesis was busted when their consumer banking wasn't doing well, decided to sell. When they did that, it was a pretty sizable bet. They lost that.

Banks 244

Banks Education Shareholders Accounting 244

The Big Picture

AUGUST 8, 2022

ADMATI: Well, the banking especially because the creditors in banking are particularly passive. And so, therefore, the usual market forces that push against high leverage in other companies that just naturally with no regulation would limit. ADMATI: They were investment banks. RITHOLTZ: Right. RITHOLTZ: Right.

Banks 80

Banks Debt Financing Finance 80

Pension Pulse

MAY 23, 2024

That includes bolstering Bombardier’s balance sheet at a critical moment in 2015 by buying a 30% stake in its trains unit. At the same time, Emond was rising through the ranks at Scotiabank, spending four years as the investment bank’s head of Quebec. Its stake has since lost two-thirds of its value.

Pension Funds 59

Pension Funds Stakes Banks Financing 59

The Big Picture

OCTOBER 31, 2023

But more importantly, when I’ve heard of liquid alts, it’s generally the investments that they’re making are in liquid, liquid products, mostly public market products. What do we, what have we done historically on the public side that would make sense to port over to the private side and leverage and scale that, right?

Hedge Funds 62

Hedge Funds Mutual Funds Funds Due Diligence 62

The Big Picture

MAY 23, 2023

GREW: So, I got a call and this one was ultimately from a recruiter who’s working for Lehman Brothers, an investment bank, a bond house. RITHOLTZ: Sure, all the little banking things, yeah. Maybe it’s leverage, maybe it’s a tele protection, maybe it’s an overlay hedge, maybe it’s any number of these things.

Hedge Funds 62

Hedge Funds Financing Finance Funds 62

The Big Picture

SEPTEMBER 26, 2023

But I did meet Art Sandberg, really, I, I would say a great person to, to work for, but I really learned a lot from the team doing the distressed debt investing, Rob Webster and Paul Mellinger in Los Angeles that really did a lot in the small and medium sized distressed for control space. Just an incredible run. That’s an example.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

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 57

Private Equity Firms Private Equity Firms Finance Financing 57

The Big Picture

JULY 31, 2023

And then, as it turns out, a switch flipped in the market in 2014 was a record, 2015 was a record. At that point, I’d been covering, as you mentioned, investment banking, Goldman Sachs for a couple years. They’d come into the pandemic incredibly leveraged, huge amounts of debt. None of them still stand, right?

Hedge Funds 52

Hedge Funds Startups Financing Finance 52

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 102

Banks Mergers and Acquisitions Capital Companies 102