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Investment Banks, Hedge Funds, and Private Equity,

Edition 4

Editors: By David P. Stowell and Paul Stowell

Publication Date: 03 Aug 2023

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Investment Banks, Hedge Funds, and Private Equity, Fourth Edition provides a real-world view of this fast-evolving field, reviewing and analyzing recent innovations and developments. This reference captures the actual work of bankers and professional investors, providing readers with templates for real transactions and insight on how investment banks, hedge funds, and private equity firms provide services to each other while creating opportunities for corporations and investors to raise capital, invest, hedge, finance, acquire, divest, and risk manage. For each type of institution, the business model, organizational structure, products, challenges, regulatory issues, and profit-making opportunities are explained.

In addition, specific transactions are analyzed to make clear how advisory services, financings, investments, and trades produce profits or losses, and which types of risks are most commonly taken by each type of institution. Importantly, the linkage of investment banks, hedge funds, and private equity to corporations, governments, and individuals is described, enabling the reader to more clearly understand how these organizations impact them and how their products and services can be best utilized.

Key Features

Integrates case studies with relevant chapters in the book to create real world applications of chapter teachings
Employs spreadsheet models to enable readers to create analytical frameworks for considering choices, opportunities, and risks described in the cases
Analyzes specific transactions to make clear how advisory services, financings, investments, and trades produce profits or losses

About the author

By David P. Stowell, Professor of Finance, Kellogg School of Management, Northwestern University, Evanston, IL, USA and Paul Stowell, Managing Director and head, U.S. Strategic Equity Transactions Group, Jefferies LLC, USA

Part I
1. Overview of Investment Banking
2. Regulation of the Securities Industry
3. Financings
4. Mergers and Acquisitions
5. Trading
6. Asset Management, Wealth Management and Research
7. Exchanges, Clearing and Settlement and Credit Rating Agencies
8. International Banking
9. Convertible Securities and Innovation
10. Investment Banking Careers, Opportunities and Issues

Part II
11. Overview of Hedge Funds
12. Hedge Fund Investment Strategies
13. Shareholder Activism and Impact on Corporations
14. Risk, Regulation and Organizational Structure
15. Hedge Fund Performance and Issues
16. Overview of Private Equity
17. LBO Financial Model
18. Private Equity Impact on Corporations
19. Organization, Compensation, Regulation and Limited Partners
20. Private Equity Issues and Opportunities
21. Private Equity in China

Cases
1. Investment Banking in 2008 (A): Rise and Fall of the Bear
2. Investment Banking in 2008 (B): A Brave New World
3. Freeport-McMoran: Financing an Acquisition
4. The Best Deal Gillette Could Get?: Procter & Gamble’s Acquisition of Gillette
5. A Tale of Two Hedge Funds: Magnetar and Peloton
6. Kmart, Sears and ESL: How a Hedge Fund Became One of the World’s Largest Retailers
7. McDonald’s, Wendy’s and Hedge Funds-Hamburger Hedging?: Hedge Fund Activisim
8. Porsche, Volkswagen and CSX: Cars, Trains and Derivatives
9. The Toys "R" Us LBO
10. Cerberus and the U.S. Auto Industry
11. H.J. Heinz M&A Transaction
12. Quintilles IPO Transaction
13. New Case on M&A Transaction Litigation

ISBN: 9780323884518

Page Count: 784

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