A Houdini Rally

A hat tip to the Immobilienblasen blog for the cartoon and observations: “So this remains the Houdini rally — no jobs; no pricing power; no broad participation; and no volume.”

De-Leveraged Buyouts

‘The Fall of Icarus’ by artist Marc Chagall Two reports about strategic M&A and private equity were released recently.   Paul Weiss, a well-known corporate law firm, prepared a concise survey of the top 25 non-financial M&A transactions, highlighted at Research Recap here.  The report focuses on terms and characteristics.  However, a notable data-point is financial …

De-Leveraged Buyouts Read More »

Hedge Your Hedge Say it ain’t so.  How many more obscure, undercapitalized financial institutions are lurking in the midst?  According to a New York Times investigative article, and summarized here, Customer Asset Protection Company (Capco), based in Burlington, Vermont, may be at risk. Capco provides catastrophic insurance to wealthy clients in the event their brokerage firm collapses.  …

Hedge Your Hedge Read More »