The Battle for Wall Street Behind the Lines in the Struggle that Pushed an Industry into Turmoil

• Main Author: Goldberg, Richard 1952- (Richard S.)
• Format: Book
• Language: English
• Published: Hoboken, NJ J Wiley 2009; ©2009
• Subjects: Finance > United States; Investments > United States; Investment Advisors > United States; Stock Exchanges > New York (State) > New York
• Online Access: Click Here to View Status and Holdings.
• Physical Description: xvi, 240 pages illustrations 23 cm
• Bibliography: Includes bibliographical references and indexes
• ISBN: 0470222794; 9780470222799

The Battle for Wall Street follows the struggle for power between two giants: the sellers, traditional commercial and investments banks; and the buyers, upstart hedge funds, private equity firms and the like. The battle is about winning the hearts, minds, and - yes, the wallets - of global investors. This battle is still running its course, and with the insights of industry veteran Richard Goldberg, who has had a front row seat, readers will gain a detailed understanding as to what, exactly, is going on within this dynamic arena, specifically the forces behind the shift of power from the old sell side gatekeepers to the new buy side players. The book will play out in three acts: Act One will examine the instruments of change - liquidity and financial technology - along with their influence on the sell and buy sides. Act Two will look at the agents of change - hedge funds, private equity, financial entrepreneurs, endowments, exchanges and sovereign wealth funds - and their impact on the sell and buy sides. In Act Three, Goldberg will take out his crystal ball and walk through the strategic implications for the winners and losers in this battle, against the dramatic backdrop of the subprime mortgage crisis and the resulting shakeup of global firms like Bear Stearns.