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A year ago I would've said Barclays nat res hands down - they were a stronger group than anything at JPM aside from Healthcare.

However they've lost most of their top guys. Skip McGee left a while ago to start Intrepid, Brad Hutchinson went to BAML and I hear Greg Pipkin is retiring to start a PE fund. That just leaves Lee Jacobe in terms of their core team and who knows how long he'll stick around. Still a good shop though but don't expect it to live up to its reputation going forward.

Also exits at BARC would be heavily stacked towards natural resources.

 

Great thanks for the response, just to clarify it's the nat res group in NYC not in Houston. Would that factor into your decision at all?

 

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