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February 23, 2009

Past Issues

Corporate Edition

Protecting Cash Flow During The Crisis

With the global economy apparently headed toward a deep and protracted recession, treasurers in American companies must take extraordinary measures to ensure they have the appropriate resources to weather the crisis.

Corporate News

March Madness

The nation's bankruptcy judges may be busier with new cases in March, with a pickup in activity likely coming just as many companies file annual reports that reveal details about their fiscal health.

Editorial

So Sad About Us

If you're reading this it means another issue of IDD was effectively published. Note to government: please send the $1,000 'success fee' to my attention.

Hedge Funds

The Survey Says ... Hedge Funds Rock?

Institutional investors have by no means abandoned hedge funds, according to a recent survey released by research firm Preqin. According to the survey, 77% of investors remain 'confident' about hedge funds and will continue to allocate capital to them, while only 5% to 10% of survey participants have decided to exit the asset class.

M&A

Shy Strategics

As the number of bankruptcies climbs, it's safe to assume the amount of distressed deal flow will also increase. Yet strategic buyers, for a variety of reasons, have shown little interest in pursuing these deals.

Personnel File

Winkelried Stepping Down At Goldman

Jon Winkelried, president and co-chief operating officer of Goldman Sachs, is retiring.

Week on the Street

Greenspan Takes On Economic Contraction

Former Federal Reserve chairman Alan Greenspan, speaking at an event sponsored by the Economic Club of New York at the New York Hilton Hotel last Tuesday evening, set out to trace the path of what he admittedly referred to as 'the longest and deepest global economic contraction since the 1930s.'

Altman Sees 8% Default Rate

This year's high-yield default rate will hit 7.98%, following on 2008's 4.60% rate, and will mark the highest in seven years, according to a report by New York University's Edward Altman.

Barclays To Shutter EquiFirst

Barclays PLC will shut down its US wholesale mortgage origination unit just two years after having made a major effort to get into the business.

Stanford Charged With Fraud

The Securities and Exchange Commission has charged Robert Allen Stanford, chairman of the Stanford Financial Group, three of his companies and two other Stanford executives with alleged fraud for an investment scheme surrounding an $8 billion CD program.

Securities in Registration

Securities In Registration

The below is a list of planned new offerings that have been registered with the SEC in the past month, but have not yet come to market. Deals that have been withdrawn are excluded. Outstanding shelf registrations are not listed here, but new shelf registrations are listed weekly in this section of the magazine. The listing is sorted by filing date. To add or delete listings, or to request corrections in this section, please contact Matthew Toole at (646) 822-7560.

Aftermarket Performance

Aftermarket Performance

Best and worst IPO performance for 2009, along with performance of recent stock offerings.