Four days ago, a team of Wall Street veterans launched Track.com, a new marketplace for independent research providers. I met with the management team today. Track.com offers independent research providers a platform to distribute their intellectual property. Buyers pay subscriptions for access to the pool of content. Similar to Value Investors Club, the general public...
[Continue Reading]Deal Sourcing by Corporate Development Groups
At last week’s ACG Intergrowth conference, I attended a roundtable discussion on Deal Sourcing as part of the Corporate Development track. My notes follow. To preserve confidentiality, I have labeled as “X:” the comments from all the participants. We had about 30 people in the group, almost all of whom were heads of M&A at...
[Continue Reading]Wizards of Finance Becoming Mainstream-The Role of Mezzanine and Hedge Funds in Todays Tough Deal Environment
Following are my notes from last week’s AM&AA conference on the panel, "Are the Wizards of Finance Becoming Mainstream? The Role of Mezzanine and Hedge Funds in Today’s Tough Deal Environment". Todd Sternier, Caltius Capital Caltius plan in 2009: provide market one-stop capability: senior and mezzanine. $500m AUM. Market less dilutive liquidity alternatives. Dividend/ equity...
[Continue Reading]Ron Senator, CEO, Sphera–largest hedge fund in Israel
I recently saw Ron Senator, CEO, Sphera Funds Management, speak at the Israeli Business Forum. My brief notes (distributed with permission) follow: $250m assets under management. Approximately 18% net return since 2001. Currently low net exposure to markets. We think some of the problems here are not behind us. Israel economy strong, well-developed, no major...
[Continue Reading]Hedge Funds: Insights in Performance Measurement, Risk Analysis, and Portfolio Allocation
I enjoyed the October 30 Hedge Fund Panel Discussion by the authors of, “Hedge Funds: Insights in Performance Measurement, Risk Analysis, and Portfolio Allocation”, sponsored by the Chicago GSB Alumni Club of Greater New York. Heidi Christensen Goldstein did pre-introduction Then Cyrus Claffey, President Chicago GSB Club of NY, made formal introduction Moderator: David K.A....
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