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FinTech Innovation Lab Launch Event – June 2, 2011

The new FinTech Innovation Lab, an annual program run by the New York City Investment Fund and Accenture, had their launch event on Thursday night. It attracted a very high quality crowd of senior executives from major investment banks and members of the innovation community --- two groups that [...continue reading]

Social Media Week panel-News Dissemination in a Social Finance World

I enjoyed today's panel at Social Media Week, with Paul Murphy of the Financial Times, presenting FT Tilt, followed by a panel on "News Dissemination in a Social Finance World". Howard Lindzon was a highly entertaining moderator. Twitter tag for discussion: #SMWFT FT Tilt is a new [...continue reading]

Web 2.0/Enterprise 2.0 in the Financial Services Industry

Matt Nelson of Tower Group was kind enough to give me permission to post his thoughtful slides on "Web 2.0/Enterprise 2.0 in the Financial Services Industry", from the recent New York Financial Markets World conference on "Web 2.0 and Enterprise 2.0 in Capital Markets."  Christopher Rollyson [...continue reading]

More on Web 2.0 and Enterprise 2.0 in Capital Markets

Christopher Rollyson took some very detailed notes on the recent New York conference on "Web 2.0 and Enterprise 2.0 in Capital Markets." They're worth reviewing. [...continue reading]

Web 2.0 / Enterprise 2.0 in the Capital Markets Industry

I have attached below some notes from last Monday's Financial Markets World conference on Web 2.0 / Enterprise 2.0 in the Capital Markets Industry , at Bayard's, New York.  My own talk was on "How to Source Deals with Web 2.0 Technologies". It was focused on how private equity [...continue reading]

A Career in Hedge Funds and the Price of Overcrowding

I am prone to agree with Robert Frank's argument in A Career in Hedge Funds and the Price of Overcrowding.  "[The market for hedge fund talent] is what economists call a winner-take-all market - essentially a tournament in which a handful of winners are selected from a much larger field of [...continue reading]

How Europe Wrote the Rules of Global Finance

Having just returned from Paris (and now sitting in London), I was curious to read Rawi Abdelal's thoughts on how Europe, particularly France, wrote the "rules" of global finance.Key concepts include: * European policymakers, particularly the French, created regulations and enforcement that [...continue reading]

Global Structured Products: Midterm Report Card

Global Structured Products: Midterm Report Card Event on June 21, 2006Notes by Margie Yuan and Eric ShahinianEvent sponsored by the Structured Products Association What are Structured Products (SP)? A contract between investor and issuer, large investment banking firms A combination of financial [...continue reading]

Dealbreaker/Bullpen Report

For the lighter side of Wall Street, check out:http://www.dealbreaker.com/"DealBreaker is an online business tabloid and Wall Street gossip blog. It seeks to cover the personalities and culture that shape the financial industry, offering original commentary, news and [...continue reading]

Creators of Lowbrow Bullpen Report have Street laughing

Creators of lowbrow Bullpen Report have Street laughing: "'So lowbrow it should be waxed,' but Street is chucklingBy David Weidner, MarketWatch"The financial community has produced its own comic material at times, such as companies not 'admitting or denying any wrongdoing' or Dick Grasso's [...continue reading]

Do Brokerage Firm Clients Have an Information Advantage?

Do Brokerage Firm Clients Have an Information Advantage?Research analysts at investment banks, like Goldman Sachs and Merrill Lynch, spend considerable time working on research reports. Most of them release their findings to their customers outside market hours. The clients, including investment [...continue reading]

Brokerage firms' research is more optimistic than that of the major investment banks

Counterintuitively, I just read a Harvard study which found: We find that analysts at firms with underwriting and trading businesses are actually less optimistic than those at pure brokerage houses, who perform no underwriting. The relatively less optimistic forecasts for underwriting firms are [...continue reading]