The Big Picture

MAY 23, 2023

BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, another extra special guest, Robin Grew, President of Man Group, $145 billion publicly traded hedge fund in the UK, and soon to be Man Group’s CEO. RITHOLTZ: Sure, all the little banking things, yeah. Let’s do that then. And I bounced around. RITHOLTZ: Right.

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The Motley Fool

JULY 14, 2023

billion, or 8% year on year, primarily driven by higher compensation expense, including wage inflation and higher legal expense. The net reserve build included a 389 million build in the commercial bank, a $200 million build in card, and a 243 million release in corporate, all of which I will cover in more detail later. Expenses of 20.2

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The Motley Fool

OCTOBER 13, 2023

This helped drive investment banking revenue up 34%, albeit of a low base and a small wallet. And finally, banking revenues. Excluding gains and losses on loan hedges were up 17%, driven by investment banking, which increased 34% on a reported basis and 12% excluding marks. So that's the piece.

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The Big Picture

JUNE 11, 2024

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.

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The Big Picture

JANUARY 9, 2024

Nobody in the world writes about markets, finance derivatives, hedge funds, you name it, the way Matt does. Barry Ritholtz : 00:06:24 So how do you, how do you shift from m and a legal work to structuring derivatives at Goldman? You know, it was all this like structuring and like tax and legal and accounting stuff.

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The Big Picture

AUGUST 8, 2022

In the financial crisis, let’s remember, Goldman Sachs and Morgan Stanley became bank holding companies. ADMATI: They were investment banks. ADMATI: And so, now, that’s my current interest, which is the corporation, as a legal person, they are not a set of assets owned by shareholders. RITHOLTZ: Right. In the U.S.,

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The Big Picture

SEPTEMBER 23, 2024

That whole distressed debt department at city 00:06:31 [Speaker Changed] Banks are wanting to sell? I work for a really senior guy in the investment bank. It was very much a brokerage house with a growing, expanding investment bank. It wasn’t really a proprietary investing trading culture.

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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. RITHOLTZ: We call that legal insider trading.

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The Big Picture

JULY 24, 2023

And so for the longest time, I actually thought that my unconventional background, I wasn’t an Ivy League student, I didn’t train at an investment bank, I wasn’t working for a hedge fund, I started my career as a bank teller. Legal immigration has been trending lower since the Gulf War in 2003.

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The Big Picture

MARCH 27, 2023

She is an author and former hedge fund trader, specializing in distressed assets. Her book, “Damsel in Distressed: My Life in the Golden Age of Hedge Funds”, is really a fascinating read. It’s very witty and charming, and revealing about an industry in a way that most books on hedge funds simply are not.

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The Big Picture

JANUARY 24, 2023

So I did my thesis on how leveraged buyouts work from the legal and the business side. It was between corporate law and investment banking. RITHOLTZ: So even back then, when it was the size that you could take a Christmas picture with everybody in one room at Goldman, they’re still doing investment banking.

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Sara Grillo

SEPTEMBER 26, 2022

I have all of the individual data for everyone in this area I am where there’s a million people now you’re to do this in New York City, for example, you get totally different results because everything gets muddied up with hedge fund managers who are on there as registered. Grillo: Next question.

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The Big Picture

DECEMBER 14, 2022

Some people maybe were going to hedge funds as well. But I’d say, overall, folks are more kind of corporate-oriented, you know, investing in companies. I definitely wanted to gain investing skills. And then also build a set of skills that could be used anywhere. And for me, that was interesting.

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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.

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The Big Picture

MARCH 14, 2023

As you pointed out early in my career, I bounced around a bunch of investment banks, and what I learned through time was it was important when I interviewed the investment bank, it was for them to interview me. And so, the investment banking activity started to explode. It was really crazy. BERNSTEIN: Right.

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The Big Picture

AUGUST 23, 2022

And all of a sudden, about 20 serious like major western investors, hedge fund managers, billionaires, proprietary trading desks, all say — all in unison say, wow, how come I didn’t know — why didn’t I know about this, we got to get involved. So, they sort of adding more and more money to the fund. This is not legal.

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The Big Picture

JANUARY 7, 2025

Made the decision to leave just to try something new at that point, went to Harvard for my MBA and then had made the ch his choice at that point to switch out of biotech and interviewed with a whole bunch of of firms and ended up getting into the hedge fund world, doing capital raising for two large hedge funds.

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The Big Picture

JULY 31, 2023

The economic dislocation, the health risks, just the mayhem that took place, but from the perspective of a number of corporate CEOs, Bill Ackman of Pershing Square Capital, the hedge fund that had a couple of amazing trades based on this. with a lot of hedge funds and so even better than the 20 is the 2 billion.

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Pension Pulse

NOVEMBER 22, 2024

The Adani Group said in a statement that the charges are “baseless and denied” and that it plans to use all legal means to fight them. 12GW of contracts CDPQ initially invested $140 million in Azure Power in September 2016, taking a 21 percent stake in the company, before it went public. Adani Green sought to raise money from U.S.

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The Big Picture

FEBRUARY 7, 2023

You know, GE Capital, you have to understand, like, investment banking was so hot then. COHAN: Everybody wanted to be an investment banker. I mean, investment bankers were rock stars, right? COHAN: — because, you know, there were 72 partners and 72 non-partners in the investment banking group, so very small.

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