An Introduction to Investment Banks, Hedge Funds, and Private Equity英文

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	【资料名称】:An Introduction to Investment Banks, Hedge Funds and Private Equity     【资料描述】: 　　内容简介 　　This description of the symbiotic relationships among investment banks, hedge funds, and private equity firms shows students how firms simultaneously compete and cooperate. The author has captured the ways these firms are reinventing themselves in the post-crash regulatory environment and, through ten extensive cases, the ways in which they are increasing their power and influence.Emphasizes the needs for capital, sources of capital, and the process of getting capital to those who need it. Integrates into the chapters ten cases about recent transactions, along with case notes and questionsAccompanies cases with spreadsheets for readers to create their own analytical frameworks and consider choices and opportunities. 　　目录 　　An Introduction to Investment Banks, Hedge Funds, and Private EquityCover image 　　Title page 　　Table of Contents 　　Front matter 　　Companion Web Site 　　Copyright 　　Dedication 　　Preface 　　Target Audience 　　Distinguishing Features 　　Cases 　　The World Has Changed 　　Structure of the Book 　　Section One: Investment Banking 　　Section Two: Hedge Funds and Private EquitySection Three: Cases 　　Acknowledgments 　　Section I: Investment Banking 　　1. Overview of Investment Banking 　　Post-Crisis Global Investment Banking FirmsOther Investment Banking Firms 　　Investment Banking Businesses 　　Investment Banking Division 　　Trading Division 　　Non-Client-Related Trading and Investing 　　Asset Management Division 　　Questions 　　2. Regulation of the Securities Industry 　　Introduction 　　U.S. History and Regulations 　　Recent Developments in Securities RegulationsSecurities Regulations in Other CountriesQuestions 　　3. Financings 　　Capital Markets Financings 　　Financing Considerations 　　Financing Alternatives 　　Fees to Bankers 　　Distribution Alternatives 　　Shelf-Registration Statements 　　Green Shoe Overallotment Option 　　Questions 　　4. Mergers and Acquisitions 　　The Core of M＆A 　　Creating Value 　　Strategic Rationale 　　Synergies and Control Premium 　　Credit Ratings and Acquisition Currency 　　Regulatory Considerations 　　Social and Constituent Considerations 　　Role of Investment Bankers 　　Other M＆A Participants 　　Fairness Opinion 　　Acquisitions 　　Due Diligence and Documentation 　　Breakup Fee 　　Alternative Sale Processes 　　Cross-Border Transactions 　　Tax-Free Reorganizations 　　Corporate Restructurings 　　Takeover Defenses 　　Risk Arbitrage 　　Valuation 　　Questions 　　5. Trading 　　Client-Related Trading 　　Equity Trading 　　Fixed Income, Currencies, and Commodities (FICC) TradingMarket-Making 　　Proprietary Trading 　　Risk Monitoring and Control 　　Value at Risk (VaR) 　　Questions 　　6. Asset Management, Wealth Management, and ResearchAsset Management 　　Wealth Management 　　Research 　　Questions 　　7. Credit Rating Agencies, Exchanges, and Clearing and SettlementCredit Rating Agencies 　　Exchanges 　　Over-the-Counter Market 　　Clearing and Settlement 　　Questions 　　8. International Banking 　　Euromarkets 　　Japan’s Financial Market 　　China’s Financial Market 　　Emerging Financial Markets 　　Global IPO Market 　　American Depository Receipt (ADR) 　　Standardized International Financial ReportingInternational Investors 　　Questions 　　9. Convertible Securities and Wall Street InnovationConvertible Securities 　　Wall Street Innovation 　　Nikkei Put Warrants 　　Accelerated Share Repurchase Program 　　Questions 　　10. Investment Banking Careers, Opportunities, and IssuesInvestment Banking 　　Trading and Sales 　　Private Wealth Management 　　Asset Management 　　Research 　　Principal Investments 　　Other Investment Banking Functions 　　Investment Banking Opportunities and IssuesQuestions 　　Section II: Hedge Funds and Private Equity11. Overview of Hedge Funds 　　Leverage 　　Growth 　　Composition of Investors 　　Industry Concentration 　　Performance 　　2008 Slowdown 　　Market Liquidity and Efficiency 　　Financial Innovation 　　Illiquid Investments 　　Lock-ups, Gates, and Side Pockets 　　Comparison with Private Equity Funds and Mutual FundsHigh-Water Marks and Hurdle Rates 　　Public Offerings 　　Fund of Funds 　　Questions 　　12. Hedge Fund Investment Strategies 　　Equity-Based Strategies 　　Macro Strategies 　　Arbitrage Strategies 　　Event-Driven Strategies 　　Summary 　　Questions 　　13. Shareholder Activism and Impact on CorporationsShareholder-Centric vs. Director-Centric Corporate GovernanceActivist Hedge Fund Performance 　　Activist Hedge Fund Accumulation StrategiesCSX vs. TCI 　　Changing Rules That Favor Activists 　　Daniel Loeb and 13D Letters 　　Lehman Brothers’ Erin Callan vs. David Einhorn of Greenlight CapitalCarl Icahn vs. Yahoo 　　Bill Ackman vs. McDonald’s, Wendy’s, Ceridian, Target, and MBIASummary 　　Questions 　　14. Risk, Regulation, and Organizational StructureInvestor Risks 　　Systemic Risk 　　Regulation 　　Organizational Structure 　　Questions 　　15. Hedge Fund Issues and Performance 　　Hedge Fund Performance 　　Fund of Funds 　　Absolute Return 　　Benefits Revisited 　　Transparency 　　Fees 　　High-Water Mark 　　Searching for Returns 　　Future Developments 　　Merging of Functions 　　Questions 　　16. Overview of Private Equity 　　Characteristics of a Private Equity TransactionTarget Companies for Private Equity TransactionsPrivate Equity Transaction Participants 　　Structure of a Private Equity Fund 　　Capitalization of a Private Equity TransactionAssets Under Management 　　History 　　Financing Bridges 　　Covenant-Lite Loans and PIK Toggles 　　Club Transactions and Stub Equity 　　Teaming Up with Management 　　Leveraged Recapitalizations 　　Secondary Markets for Private Equity 　　Fund of Funds 　　Private Equity Goes Public 　　Impact of Financial Services Meltdown on Private EquityQuestions 　　17. LBO Financial Model 　　Determining Cash Flow Available for Debt Service and Debt SourcesDetermining Financial Sponsor IRR 　　Determining Purchase Price and Sale PriceLBO Analysis Example 　　LBO Analysis Post-Credit Crisis 　　Questions 　　18. Private Equity Impact on CorporationsPrivate Equity-Owned Companies: Management Practices and ProductivityPrivate Equity-Owned Company Failures 　　Private Equity Purchase Commitment FailuresPrivate Equity Portfolio Companies Purchased During 2006-2007Private Equity Value Proposition for CorporationsCorporate Rationale for Completing Private Equity TransactionsPrivate Equity as an Alternative Model of Corporate GovernancePrivate Equity Influence on Companies 　　Questions 　　19. Organization, Compensation, Regulation, and Limited PartnersOrganizational Structure 　　Compensation 　　Regulations 　　Limited Partners 　　Questions 　　20. Private Equity Issues and OpportunitiesPIPEs 　　Equity Buyouts 　　Distressed Assets 　　M＆A Advisory 　　Capital Markets Activity 　　Hedge Fund and Real Estate Investments 　　2008 Losses and Future Expectations 　　Boom and Bust Cycles 　　Annex Funds 　　Limited Partner Pull-Backs 　　Risk Factors 　　Asian Private Equity Activities 　　Strategic Alliances 　　Private Equity IPOs 　　Focus on Portfolio Management 　　Comparison of Private Equity Firms 　　Profile of The Carlyle Group 　　Future Issues and Opportunities 　　The New Landscape 　　Questions 　　Section III: Case Studies 　　Investment Banking in 2008 (A): Rise and Fall of the BearBear Stearns 　　Long Term Capital Management 　　The Credit Crisis 　　Bear Stearns Asset Management 　　The Calm Before the Storm 　　Run on the Bank 　　Bear’s Last Weekend 　　Investment Banking in 2008 (B): A Brave New WorldThe Aftermath of Bear Stearns 　　Gramm-Leach-Bliley and the Fall of Glass-SteagallLehman Brothers 　　Merrill Lynch 　　Goldman Sachs and Morgan Stanley 　　Freeport-McMoRan: Financing an AcquisitionMetals Heating Up 　　Enter Freeport-McMoRan 　　Role of the Investment Banks 　　Inside the Wall 　　Outside the Wall 　　Mandatory Convertible Preferred Shares 　　FCX Post-Allocation 　　The Best Deal Gillette Could Get?: Procter ＆ Gamble’s Acquisition of GilletteA Dream Deal 　　Deal Structure: An “All-Stock,” 60/40, No-Collar AcquisitionValuation of the Deal 　　Key Stakeholders: Beantown, Wall Street, DC, and Main StreetConclusion 　　A Tale of Two Hedge Funds: Magnetar and PelotonWhat a Year 　　What a Nightmare 　　Magnetar’s Structured Finance Arbitrage TradeThe 2007-2008 Financial Crisis 　　The CDO Market 　　Rating Agencies 　　Correlation 　　CDO Market Evolution 　　Bank Debt and the Cov-Lite Craze 　　Kmart, Sears, and ESL: How a Hedge Fund Became One of the World’s Largest RetailersThe Unusual Weekend 　　Flash Forward: November 2004 　　The Rise and Fall of Kmart 　　Bankruptcy and Inefficient Financial MarketsFinancial Buyers vs. Strategic Buyers 　　Private Equity 　　Hedge Funds 　　ESL: The Hedge Fund That Could Not Be Categorized2002-2003 Decision: Should ESL Seek to Gain Control of Kmart during Bankruptcy? 　　Lampert’s Kmart Play 　　November 2004 Decision: Should Kmart (under ESL’s Control) Acquire Sears? 　　McDonald’s, Wendy’s, and Hedge Funds: Hamburger Hedging? Hedge Fund Activism and Impact on Corporate GovernanceGrowing Hedge Fund Activism 　　A Tale of Two Activists: Carl Icahn and William AckmanPershing Square’s Initial Involvement: Wendy’s and McDonald’sMcDonald’s Management and Franchisees RespondRating Agency Concern 　　Unlocking McDonald’s Real Estate Value 　　Aftermath of McDonald’s Rejection 　　The Truce 　　Retrospective 　　Porsche, Volkswagen, and CSX: Cars, Trains, and DerivativesUsing Derivatives to Obtain Control PositionsCSX Equity Derivatives 　　CSX Collides with TCI and 3G 　　Porsche and Volkswagen: Brothers ReunitedCash-Settled Options 　　The Toys “R” Us LBO 　　Case Focus 　　Emergence of Club Deals in a Maturing IndustryDividends and Fees Paid to Private Equity FirmsU.S. Retail Toy Industry in 2005 　　European Retail Toy Industry 　　Infant, Toddler, and Preschool Market 　　Overview of Toys “R” Us 　　Challenging Times for Toys “R” Us 　　Toys “R” Us Strategic Review and Sale 　　The Toys “R” Us Club 　　The Assignment 　　Cerberus and the U.S. Auto Industry 　　Introduction 　　“What’s Good for GM?” 　　Cerberus Capital Management to the Rescue … MaybeGM’s Supplier Relationships 　　Cerberus Builds an Even Bigger Auto StageThe Dream Becomes a Nightmare 　　Exhibit Sources 　　Reading List 　　References 　　Index 【下载地址隐藏】：                    点：回复可见地址 游客，如果您要查看本帖隐藏内容请回复