xx delete

What?

Jef continues to lead only the shittiest of the shit deals, like they always have. Barc & CS continue to dominate the lev fin market.

http://www.bloomberg. com/news/2014-10-22/fed-s-loan-scrutiny-leaves-banks-passing-on-buyout-deals.html

I've been on a couple processes where unregulated banks such as Jefferies / RBC have been able to offer much higher leverage than us and ended up leading the deal

They're obviously not executing the deals well (see TOMS/Compuware), but they are taking a good chunk of the market share that we typically dominate.., Barc and CS definitely aren't doing as well as they should be right now

TOMS was what I would call "the shittiest of the shit." I puked in my mouth a little as I went through the deck.

They did SurCen as well, which was also a crappy MM deal.

Anyways, I get runs from all 3 of the aforementioned banks daily, and I can definitively say nothing has changed. Maybe at the fringes, but not much. The big guys are still winning the majority of the big stuff.

I think we may be talking past eachother, though. Im a credit/distressed guy, so im looking for investable assets - and I wouldnt classify many Jef deals as investable.