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The Types of Monkeys in The Trading Jungle

Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 1/23/14. To see all of our top content from the past, click here.

The investment banking side of the business is pretty well-known - you have the overworked analysts, the jaded associates, the pushy VPs, and the directors/MDs at the top. However, all these guys are the same species - they are all bankers, and while they have very different roles, they ultimately are all investment bankers at the end of the day.

The trading floor is different - you have the alpha-male trader banging his phone down on one side, the over-eager sales guy shmoozing with clients hungover but desperate to move an axed trade, and the quiet research analyst hunched over reading a 10-k from 2004 in between. Yes, the trading floor has many different types of monkeys wandering about, and its fun to see where traders, salespeople, and research analysts all fit within the beautiful ecosystem known as a trading floor. Lets take a look at each of these roles, how they fit in, and what the future holds for young monkeys of each of these unique specimens.

RE Buy Side Quarterly Dinner/Drinks - San Francisco

Happy New Year monkeys.

As you're reviewing your accomplishments and setting your 2016 goals, I hope you're focusing on improving your network this coming year.

One of my goals for this year is to improve relationships and share knowledge with fellow acquisition, Asset Management, and private equity real estate young professionals in San Francisco Bay Area.

I would like to invite anyone interested in expanding their network and sharing case studies, modeling skills, trials and tribulations, etc to attend this first happy hour.

When: 
February 11, 2016 - 9:30pm
Event type: 
WSO Happy Hour

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What happens to departing 2nd year Analysts?

Say you're a 2nd year Analyst at a BB or MM with no buyside job lined up, no 3rd year / associate promotion, and your 2 years are up.

Volatile Conduit Market

I just got back from the MBA's CREF conference in Orlando and met with many different Mortgage Bankers and Lenders. There was an absolute consensus that the Conduit Market (currently 40 or so shops) will be cut down to approximately 20-25 shops by the end of the year. I should mention that this was mentioned by Directors at quite a few large CMBS shops as well.

Do you guys think that most of the table-funded shops will be gone by the end of 2016? Would love to hear your thoughts.

Bridger Capital - Secret Society: What do you know?

So Martin Shkreli showed up on the radio show "The Breakfast Club" with Charlemagne Tha God.

Interviewed pharma-bro and they brought up the secret society "Bridger Capital", the Illuminati of Hedge Funds. Shkreli was shocked that Charlemagne Tha God knew of this group and that he had been invited to meet them (he posted pictures of the conference room on instagram--now deleted)

Interview can be found here>>>https://www.youtube.com/watch?v=4Tmg_EMeugg&featur...

What do you guys know about it?
- bazaar rituals
- secret society of upper echelons of finance
- who is in it

Where are we at in the market - Revisited

Just a few months ago I was posting some articles (link inside post) about key institutional players cashing out of certain investments and stacking some cash.

In the last 60 days Wall St., big box retail, oil, etc have all taken a hit. Folks are making recessionary type plays out of stocks and in to various fixed income and/or dividend paying stocks. We are most certainly it appears deeper in to the second half of this cycle than I thought just 90 days ago. CRE tends to lag behind SFR housing slides. There are already signs of slowing with luxury homes in CA, another indicator of something coming.

Right now feels a lot like 2005/2006 to me. Prices soaring on SFR sales but in the next 12-24mo volume will drop tremendously, then, boom. But before this it does appear a lot of money will be lost on Wall St. Possibly speeding this process up.

The Fed has no play here other than to do nothing. In 2008 rates were what, 5%? They could cut their way out. Not today.

Your thoughts?

Investment Vehicle for Your Bonus (I Hate Taxes)

Ok, real question, not an interview question: if you had a million bucks what would you invest in? Especially if you were a Canadian in the US.

In Canada, I would have put into my TFSA and RRSP to provide some tax relief and then eventually drawn down on my RRSP for the Home Buyer Plan (HBP) in order to contribute to the down payment of a primary residence.

Getting USD bonus soon and am actually saving some coin in the US now, but have no idea what to do with it. Started contributing to a 401(k) (which I understand to be similar to an RRSP).

Interviewing behind your current firms back

All right, heres the deal primates: I am a recent intern to hire (temporarily) working as a junior analyst with a middle market M&A shop. I was contacted by a larger and more reputable firm in the area about an analyst I position and I took the interview I was offered. The place I interviewed at knows I am currently employed but my firm does not know I am looking at outside positions (clarification: the agreement was that they would bring me on as a junior analyst for a 3-month period and then maybe decide to keep me as a full time analyst with a big-boy salary and all the full-time benefits).

Question: A) Is it likely that the firm I interviewed with will contact my current employer?

Rewind - Hedge Fund Investment Pitch + Q&A

In case you missed our January 10th webinar entitled Hedge Fund Investment Pitch, have no fear. The full recording of the webinar will be available for free on the WSO homepage on this date: (free for only 24 hours and then it goes into our Video Library). Do you want to a 1 on 1 mentoring session with John? Click below:

SIGN UP WITH JOHN

To see the original event page with a description of the webinar and read more information about the presenter click here.

Photo



All rewinds will be available everyday at 8am ET.

And, as always, if you want to sign up to hear about upcoming webinars before they happen, sign up inside the post...

When: 
February 10, 2016 - 8:00am to February 11, 2016 - 8:00am
Event type: 
WSO Webinar

Ask Natalie from Accepted about Business School Admissions

WSO is excited to have the experts from Accepted.com on board to answer applicant questions in the business school forum. Here is a message from Natalie who will be checking this thread every few days to make sure she is staying on top of questions:

Investment Banking Analyst


Login to Start Application

We are a boutique investment bank that has developed an expertise in working with smaller capitalization companies, special situation investments and Special Purpose Acquisition Companies (SPACs(tm)), a concept we pioneered and developed that involves publicly-traded, industry-specific acquisition vehicles. Member FINRA & SIPC http://www.sipc.org/ http://www.finra.org/

Job Description:
We are seeking to hire an experienced investment banking analyst

Job Start Date: 
03/01/2016
Compensation: 
TBD
Job Type: 
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