An Introduction to Investment Banks, Hedge Funds, and Private Equity

David P. Stowell is a professor of finance at Northwestern University’s Kellogg School of Management, where he teaches classes that focus on investment banking, hedge funds, private equity and venture capital. He also teaches undergraduate courses on these topics at Northwestern University. Prior to joining Northwestern in 2005, he was managing director at JP Morgan, working in Chicago with responsibility for part of the firm's mid-west investment banking business. In addition, he worked in investment banking at UBS as managing director and co-head of U.S. equity capital markets, and at Goldman Sachs, where he co-managed an equity derivatives business and worked in corporate finance in New York and Tokyo. He was also a managing director at O'Connor Partners, a hedge fund based in Chicago. He graduated from Utah State University with a BA in Economics and from Columbia University's Graduate School of Business with an MBA in Finance. In addition to his current teaching responsibilities, he manages Paradigm Partners, a boutique firm that provides M&A and capital raising services and general advice regarding investment banking, hedge fund, and private equity activities to selected clients.

Section One: Investment Banking

1 – Overview of Investment Banking

2 – Regulation of the Securities Industry

3 – Financings

4 – Mergers & Acquisitions

5 – Trading

6 – Asset Management, Wealth Management and Research

7 – Credit Rating Agencies, Exchanges and Clearing and Settlement

8 – International Banking

9 – Convertible Securities and Wall Street Innovation

10 – Investment Banking Career Opportunities and Trends

Section Two: Hedge Funds and Private Equity

11 – Overview of Hedge Funds

12 – Hedge Fund Investment Strategies

13 – Shareholder Activism and Impact on Corporations

14 – Risk, Regulation and Organizational Structure

15 – Hedge Fund Issues and Performance

16 – Overview of Private Equity

17 – LBO Financial Model

18 – Private Equity Impact on Corporations

19 – Organization, Compensation, Regulation and Limited Partners

20 – Issues and Opportunities

Section Three: Case Studies



Investment Banking in 2008 (A): Rise and Fall of the Bear
Investment Banking in 2008 (B): A Brave New World
Freeport-McMoRan: Financing an Acquisition
The Best Deal Gillette Could Get? Procter & Gamble’s Acquisition of Gillette
A Tale of Two Hedge Funds: Magnetar, Peloton, CDOs, and the 2008 Financial Crisis
Kmart, Sears, and ESL: How a Hedge Fund Became One of the World’s Largest Retailers
McDonald’s, Wendy’s, and Hedge Funds: Hamburger Hedging? Hedge Fund Activism and Impact on Corporate Governance
Porsche, Volkswagen and CSX: Cars, Trains and Derivatives
The Toys "R" Us LBO
Cerberus and the U.S. Auto Industry