Worst, Best of Times For Equities in 2005

O'Connor, Colleen Marie
December 2005
Investment Dealers' Digest;12/12/2005, Vol. 71 Issue 47, p26
Trade Publication
The article discusses the financial performance of equity capital markets in the year 2005. The worst of times arrived in April 2005, followed by a show of resilience by issuers and underwriters. The year began with exit activity from financial sponsors after their buying spree of 2004. The article informs that a pricing imbalance existed between financial sponsors and public market investors. The downgrades of General Motors Corp. and Ford Motors Co. resulted in the pricing imbalance at the end of the first quarter and also produced significant declines in the value of hedge funds.


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