Word: banker
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Dates: during 2000-2009
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...tepid performance stems in part from the quality of companies coming to market. Several listings have come from the cash-strapped real estate and infrastructure sectors, and were perceived as overpriced. Says a Mumbai investment banker: "The market has run ahead of itself, and fundamentals aren't supporting present valuations...
...Securities and Exchange Board of India has approved IPOs for 13 companies while another 22 have filed for approval, according to Prime Database. But that flow may slow as market sentiment sours. "Investors have been disappointed by the after-market performance of some big names," says the Mumbai investment banker, who asked not to be identified because his firm is involved in some of the issues. "It's not as easy to get a listing done now, it is taking a lot more marketing and investors want to be absolutely sure of the quality of the company as opposed...
...resurgent trading and risk-taking business. Goldman has a tradition of taking trading risks. In the postwar era, the firm's DNA has always combined the interlocking strands represented by two of the world's foremost risk arbitrageurs - first Gus Levy and later Robert Rubin - with the investment-banker pedigree of former senior partners, including Sidney Weinberg, John Weinberg, John Whitehead, Stephen Friedman and Paulson. "We would never let our reputation as the key M&A adviser ebb in favor of being a principal," Blankfein says. "We're very self-conscious that our franchise hinges on our client relationships...
...secret of Huh's success? Part of the charm of his sites is that they appear to be put together by rank amateurs. "It's on purpose," says Huh. Actually, they're carefully cultivated by 20 staffers, mostly Seattle-based, including a lapsed lawyer and a former investment banker. The company is hiring roughly one staffer a month and gets some 100 applications for every position. Applicants should not offend easily and must have held a job they hated, says Huh, to better appreciate the joys of spending their days perusing funny photos. Plus, he says, "we want them...
...What began in 1999 as a Hong Kong journal of prose and poetry known as Dim Sum - a part-time labor of love produced, somewhat intermittently, by Hong Kong author Nury Vittachi - took on a new lease of life when, in late 2006, U.K.-based banker and arts patron Ilyas Khan bought out the publication. He restyled it as the ALR, publishing it under the umbrella of his Asia-focused literary publishing agency and film-production business, Creative Work. "We purposely decided not to restrict ourselves to Hong Kong," says Khan, previously a director of the Man Hong Kong International...