The Big Picture

SEPTEMBER 10, 2024

Mike Wilson has been with Morgan Stanley since 1989, rising up through the ranks of institutional sales, trading, investing, banking to eventually becoming Chief Investment Officer and Chief US Equity Strategist. So I was really investment banking. What was that experience like? What was your trading career like?

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Companies Investing Pension Funds Investment Banks 64

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.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

The Big Picture

JUNE 13, 2023

So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investment banks, he then joined Goldman Sachs. I joined, effectively, Deutsche Bank. We decided to try to have a go on our own. We were 28, 30 respectively.

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Banks Asset Management Assets Capital 59

The Big Picture

JANUARY 24, 2023

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. It’s the sovereign funds around the world, in Europe and Asia. KLINSKY: Yeah.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

Pension Pulse

AUGUST 15, 2024

The pension fund had solid returns from its portfolio of public stocks, which gained 10.4 But stocks make up only 19 per cent of the pension fund’s assets after it shifted billions of dollars from equities into government bonds and credit investments, seeking to take advantage of high interest rates.

Pension Funds 59

Pension Funds Assets Liabilities Portfolios 59

Pension Pulse

SEPTEMBER 6, 2024

There are several real-time proxies of the unemployment rate, but one of my favorites is from the Conference Board. Very few people cover macro and markets as well as Francois and even when I disagree with him, I agree with him on the bigger picture, it's dismal.

Banks 52

Banks Pension Funds Hedge Funds Capital 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.

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Private Equity Firms Private Equity Firms Finance Banks 59

The Big Picture

FEBRUARY 28, 2023

I was actually running the Investment Banking Club at BYU, and you know, thought I was interested in that, interested in going to Wall Street. Look, our parents all had pension funds. LAYTON: — sources of funds for our industry is going to change as a result of that. Our kids are all going to have 401(k)s.

Assets 59

Assets Due Diligence Private Equity Firms Private Equity Firms 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. So we, we do business with most of the sovereign wealth funds, most of the big US national insurers, global insurers, the largest pension funds.

Hedge Funds 59

Hedge Funds Banks Assets Due Diligence 59

The Big Picture

DECEMBER 20, 2022

KOENIGSBERGER: — you know, when I got to Merrill in 1995, and you looked at the trade blotter of who you were trading with, it was basically banks trading with each other. So there was a tremendous amount of proprietary trading, you know, hedge funds in the back book, a little bit of a front book.

Hedge Funds 64

Hedge Funds Debt Banks Assets 64

The Big Picture

APRIL 11, 2023

DAMODARAN: Or it could be some unique characteristic, pension funds pay no taxes. It’s because they wanted to get back at the hedge funds. We’re going to bring the hedge funds down, which is interesting because some of the biggest hedge funds were making money from this.

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Education Finance Financing Taxes 119

Pension Pulse

NOVEMBER 22, 2024

officials allege: Senior executives at Quebec’s provincial pension fund manager tried to win contracts by paying Indian officials hundreds of millions of dollars in bribes and interfered with corruption investigations in the United States, American prosecutors allege. The charges filed by the U.S.

Securities and Exchange Commission (SEC) 59

Securities and Exchange Commission (SEC) Pension Funds New York Stock Exchange Stock Exchanges 59

The Motley Fool

DECEMBER 27, 2024

Wall Street investment banks and large hedge funds have started buying it as a way to take directional bets on the market. Right now, many investment managers are only allocating 1% of their portfolios to Bitcoin. And what if pension funds, endowments, and sovereign wealth funds start to invest in Bitcoin?

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Exchange-Traded Funds Pension Funds Hedge Funds Shareholders 246