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September 3, 2010

 Past Issues

Cover Story

William Blair Looks to the South

William Blair & Co., which has been conducting a dramatic buildout over the past two years, plans to keep adding to its investment banking team to increase its international work, notably in Latin America.

Capital Markets

Quoted

Notable quotes from capital-markets players during the past week

Fixed Income

Unit Investment Trusts Become Top BAB Vehicle

The unit investment trust has quietly blossomed into the dominant investing vehicle for Build America Bonds — the taxable municipal debt created under last year’s stimulus legislation.

Hospitals Hope to Make Detroit a Medical Nexus

CHICAGO — Detroit-area hospitals plan to spend up to $1.3 billion on capital projects over the next several years in the hopes of creating a medical industry to help replace the city’s vanishing manufacturing base, according to a new report.

SEC Sets Rule for Muni FAs

WASHINGTON — The Securities and Exchange Commission Thursday announced that it has adopted a temporary rule requiring municipal advisers to register with it by Oct. 1 to comply with the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act.

New Model Sought for Calif. Water Agencies

MENLO PARK, Calif. — An independent study calls for California to overhaul management of its water supply system and give a newly created commission oversight of billions of dollars of bond money.

Moody’s Raises California Vets GOs to Aa2

MENLO PARK, Calif. — California veterans general obligation bonds Thursday landed a ratings upgrade to Aa2 from Moody’s Investors Service, affecting $1.17 billion of outstanding debt.

Investment Banking

Middle-Market M&A Rebounds at Low End

Prices are rising, and deal volume is getting closer to precrisis levels. Is this a true recovery or a blip on the M&A screen?

M&A

Welcoming the Strategics

For some small companies, being bought out by a large monolith may not be such a bad thing after all

Personnel File

Hauer to Run BDO Real Estate

Commercial real estate problems will continue to fester in coming years because not all corners of the credit markets have seen a return to complete normalcy. To that end BDO Seidman brought on Richard Hauer, a commercial property workout pro, to build up the firm’s presence in real estate.

Structured Finance

Going Back in Time

Surprisingly, high-yield debt issuance to finance dividend payments has made a comeback.

A History Lesson

On the second anniversary of Lehman's downfall, one observer offers a look at what factors contributed to the investment bank's failure.