TITLE

New Players, Old Conflicts

AUTHOR(S)
Shepherd, Bill
PUB. DATE
December 2005
SOURCE
Investment Dealers' Digest;12/5/2005, Vol. 71 Issue 46, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the banks are assigning their top debt analysts to offer real-time trading ideas to selected clients via choice or electronic communications. The banks want to cut costs and appeal to fast-dealing hedge funds. The top priority of desk analysts is to protect the equity firms from market volatility. His first responsibility is towards the firm's capital. Desk analysts are physically removed from traditional analysts. Almost all firms have cut back or refocused published research to some degree. Lehman Brothers Inc. has stopped publishing distressed-debt coverage. The banks have begun organizing debt research as independent of investment banking and has been insulated from the influence of traders and salespeople. The banks have decided to keep equity and debt research separate and to make sure that the debt and underwriting analysts were are kept away from fixed-income research. Forward-looking research would benefit all the firms. They will have to be on alert for conflict of interests scandals. INSET: Swinging Both Ways..
ACCESSION #
19162893

 

Related Articles

  • Europe's new breed. Cavaletti, Carla // Futures: News, Analysis & Strategies for Futures, Options & Deri;Nov99, Vol. 28 Issue 14, p78 

    Shares trading success stories in Europe. Achievements of money managers in the region; Growth of hedge funds; Opening up of regulatory structure of some European countries including France and Great Britain; Adversity facing European money managers when raising money compared to the hedge fund...

  • Registration Day. Curtis, Carol E. // Securities Industry News;11/8/2004, Vol. 16 Issue 37, p1 

    Focuses on hedge fund registration in the U.S. effective February 2006. Attitude of investment advisers and the hedge fund industry towards registration; Overview of the registration process; Similarity of the compliance scheme for hedge fund advisers to that of mutual fund advisers.

  • Hedge Funds Tighten Up. Hess, Peter // Securities Industry News;6/20/2005, Vol. 17 Issue 24, p12 

    Presents insights on the tightening of hedge funds. Problem brought by the influx of institutional assets to alternative instruments; Requirement that hedge funds must be registered as investment advisers; Increase in competition in the hedge funds market; Measures to be taken by hedge funds to...

  • All public domestic new issues.  // Investment Dealers' Digest;1/12/98, Vol. 64 Issue 2, p44 

    Presents a chart ranking the top investment banks in the United States based on all public domestic new issues managed from January 1, 1997 to December 31, 1997.

  • All public domestic new issues--4th quarter.  // Investment Dealers' Digest;1/12/98, Vol. 64 Issue 2, p44 

    Presents a chart ranking the top investment banks in the United States based on all public domestic new issues managed for the period of October 1, 1997 to December 31, 1997.

  • All public domestic capital-raising issues.  // Investment Dealers' Digest;1/12/98, Vol. 64 Issue 2, p44 

    Presents a chart ranking the top investment banks in the United States based on all public domestic capital-raising issues managed for the period of January 1, 1997 to December 31, 1997.

  • The difference a quarter makes.  // Investment Dealers' Digest;1/12/98, Vol. 64 Issue 2, p45 

    Presents a chart ranking the top investment banks in the United States based on the 12-month rolling average for all domestic issues during the period of January 1, 1997 to December 31, 1997.

  • Investment-grade debt.  // Investment Dealers' Digest;1/12/98, Vol. 64 Issue 2, p45 

    Presents a chart ranking the top investment banks in the United States based on investment-grade debt managed during the period of January 1, 1997 to December 31, 1997.

  • Investment-grade debt--4th quarter.  // Investment Dealers' Digest;1/12/98, Vol. 64 Issue 2, p45 

    Presents a chart ranking the top investment banks in the United States based on investment-grade debt managed during the period of October 1, 1997 to December 31, 1997.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics