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Toronto Hedge Funds Summit: Investment Research Panel

I'm enjoying visiting Toronto this week at the http://www.worldhedgefundssummit.com/ . Here are my notes on today's Investment Research Panel, preceded by the speaker biographies. Moderator: David Weild IV The National Research Exchange (The NRE) is the originator of Intermediated ResearchSM, [...continue reading]

The State of Independent Research, at NY Society of Security Analysts

Nitron Advisors' COO, Scott Lichtman, took detailed notes on last Thursday's panel on "The State of Independent Research" at the New York Society of Security Analysts. It was a well-attended event that covered questions ranging from how independent research firms are capturing value through new [...continue reading]

Sep. 14: NY Society of Security Analysts: The State of Independent Research

I hope to see you on Sep. 14: New York Society of Security Analysts: The State of Independent Research DATE Thursday, September 14, 2006 TIME 5:30 p.m.-6:15 p.m. Networking 6:15 p.m.-7:45 p.m. Presentation LOCATION New York Society of Security Analysts 1177 Avenue of the [...continue reading]

TieCON East: Trends in Investment Research and Due Diligence.

My colleague Scott Lichtman took some detailed notes on the TieCONEast panel last week on "Trends in Investment Research and Due Diligence". Podcast is here. CONFIRMED SPEAKERS Graham Field, Managing Director, AQ Research (Moderator) Graham is the Managing Director of AQ Research, [...continue reading]

James Chanos, Kynikos Associates President, on Independent Research at the Crossroads

James Chanos, President of Kynikos Associates, whose fund accounts for 90% of institutional short funds in the US, delivered a very well-thought out keynote at last week's Investorside research conference, on "Independent Research at the [...continue reading]

Investorside Independent Research Provider Conference

Some notes from June 8's Investorside Independent Research Provider Conference. Integrity Research also blogged about this event. 8:45am-9:00am Welcoming Remarks from Investorside =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=--=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= John Eade: Retiring as Chairman of [...continue reading]

In Search of Alpha: Innovation in Securities Research (2/9/06 Harvard Business School Club of CT Panel)

I recently was fortunate to participate in a panel discussion on "In Search of Alpha: Innovation in Securities Research", sponsored by The Harvard Business School Club of Connecticut, Thursday, Feb. 9, 2006, in Greenwich, CT. Tom Hutchinson and Michael Mayhew of Integrity Research already blogged [...continue reading]

Securities research becoming steadily more unbundled

Fidelity just announced that it has started a "pilot program" with Lehman Brothers in which it will unbundle execution from research services. This has 'lit a bombshell' under the industry, and is an omen for a trend towards greater unbundling in the securities research industry. [...continue reading]

BusinessWeek covers expert matching industry, Nitron Advisors

BusinessWeek has a good piece about the expert-matching industry (page 52 of the current issue): "We cut out the analysis that clients are perfectly capable of doing themselves," says David Teten, chief executive of New York's Nitron Advisors LLC, which set up shop in late 2003. [...continue reading]

The Wisdom of Warren Buffett

Via Marty Schwimmer, here are notes from a meeting with Warren Buffett. This sounds extremely similar to the talk I heard from him when I was in business school. [...continue reading]

How to Dig Deep Online to Profile an Executive

How to Dig Deep Online to Profile an Executive [...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]