Goldberg The Battle for Wall Street

Behind the Lines in the Struggle that Pushed an Industry into Turmoil
1. Auflage 2009
ISBN: 978-0-470-44681-2
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 258 Seiten, E-Book

An insider's look at the changing balance of power on WallStreet
The Battle for Wall Street follows the struggle for powerbetween two giants: the sellers, traditional commercial andinvestments banks; and the buyers, upstart hedge funds, privateequity firms and the like. The battle is about winning the hearts,minds, and - yes, the wallets - of global investors.This battle is still running its course, and with the insights ofindustry veteran Richard Goldberg, who has had a front row seat,readers will gain a detailed understanding as to what, exactly, isgoing on within this dynamic arena, specifically the forces behindthe shift of power from the old sell side gatekeepers to the newbuy side players. The book will play out in three acts: ActOne will examine the instruments of change - liquidity andfinancial technology - along with their influence on the selland buy sides. Act Two will look at the agents of change -hedge funds, private equity, financial entrepreneurs, endowments,exchanges and sovereign wealth funds - and their impact onthe sell and buy sides. In Act Three, Goldberg will take out hiscrystal ball and walk through the strategic implications for thewinners and losers in this battle, against the dramatic backdrop ofthe subprime mortgage crisis and the resulting shakeup of globalfirms like Bear Stearns.
But Wall Street isn't simply about institutions or corporatebattles. It's a landscape dominated by personalities.Goldberg's unique access to major players will bring this book tolife with amazing anecdotes and stories about the financialgenerals who have left their mark in The Battle for WallStreet.

Autoren/Hrsg.

Goldberg, Richard

Inhaltsverzeichnis

Acknowledgments vii
Introduction: Let the Battle for Wall Street Begin ix
Part One: Instruments of Change 1
Chapter 1 Sea of Liquidity 3
Chapter 2 Financial Information in a Digital Age 17
Chapter 3 Prime Brokerage Meeting Hall 37
Part Two: Agents of Change 47
Chapter 4 Hedge Funds: Buy-Side Player, Sell-Side Foe 49
Chapter 5 Private Equity: Buy-Side Player, Sell-Side Friend 67
Chapter 6 Entrepreneurs to Endowments: Buy-side Catalysts 87
Chapter 7 Exchanges: Sell-Side Voice, Buy-Side Electronics 107
Chapter 8 Sovereign Wealth Funds: Sell Side Today, Buy Side Tomorrow 123
Part Three: Implications of Change 135
Chapter 9 Sell-Side Casualties, Buy-Side Implications 137
Chapter 10 Buy-Side Casualties, Sell-Side Implications 155
Chapter 11 Regulatory Implications 171
Chapter 12 Future Implications 191
Notes 205
About the Author 235
Index 237

Über Autor(innen)

Richard Goldberg is a twenty-five-year Wall Street veteran with Lehman Brothers, Lazard, and Wasserstein Perella. He has been a banker to the banks and advised on a number of transformational financial services transactions. He is also a faculty member at Columbia University's School of International and Public Affairs and has taught at Boston College's Carroll School of Management and Brandeis University's International Business School.