Investment Banks, Hedge Funds, and Private Equity

As our economy evolves, private equity groups, hedge funds, and investment banks compete and cooperate in different ways. Investment Banks, Hedge Funds, and Private Equity, now fully updated in its Fourth Edition, provides a real-world view of the fast-evolving field, reviewing and analysing recent innovations and developments. The text captures the actual work of bankers and professional investors, providing readers with templates for real transactions. It provides insight on how investment banks, hedge funds and private equity firms provide services to each other, while creating opportunities for corporations and investors to raise capital, invest, hedge, finance, acquire, divest and risk manage. For each type of institution, the business model, organizational structure, products, challenges, regulatory issues and profit making opportunities are explained. In addition, specific transactions are analysed to make clear how advisory services, financings, investments and trades produce profits or losses, and which types of risks are most commonly taken by each type of institution. Importantly, the linkage of investment banks, hedge funds and private equity to corporations, governments and individuals is described, enabling the reader to more clearly understand how these organizations impact them and how their products and services can be best utilized. Integrates case studies with relevant chapters in the book to create real world applications of chapter teachings Employs spreadsheet models to enable readers to create analytical frameworks for considering choices, opportunities and risks described in the cases