Archive for December, 2007

PE Firms Break Fund-Raising Record in 2007, Battle for Senior Talent Continues in 2008

Monday, December 31st, 2007

Turmoil in the credit markets put an end to the multi-billion-dollar “mega buyouts” of 2007, but fallout from the credit crunch has not crippled private equity fund-raising.  As of November, U.S. private equity firms surpassed the $270 billion fund-raising mark for the year, topping the $258.2 billion record set in 2006, according to the latest [...]

Financial Services Hiring at Senior Levels Remains Robust

Friday, December 21st, 2007

Credit concerns have not eroded optimism about 2008.  Money managers remain bullish for the year ahead despite the subprime meltdown and worries over a shrinking U.S. economy, according to Russell Investments’ latest survey of investment managers, Investment Manager Outlook.  Optimists say any slowdown will likely be confined to areas within fixed-income, which bodes well for [...]

Bankruptcy Law Gaining Steam

Thursday, December 20th, 2007

The ripple effect of the subprime meltdown has resulted in increased demand for attorneys specializing in litigation, securities, restructuring, real estate, and bankruptcy. Executive recruiting firm, A.E. Feldman, says a number of law firms are expanding their ranks and bankruptcy attorneys are becoming hot commodities.
 
Everyone, it seems, is preparing for a coming wave of new [...]

Need For Valuation Specialists Grows as FASB Moves Toward Convergence

Wednesday, December 19th, 2007

The number of global deals has grown exponentially, increasing the need for thorough due diligence.  Through mid-December, global announced M&A activity shattered all previous records to reach $4.35 trillion, a 20% increase over last year’s record, according to Thomson Financial.  But new M&A accounting rules recently issued by the Financial Accounting Standards Board (FASB) could [...]

Demand Growing For Distressed Debt Specialists

Tuesday, December 18th, 2007

Distressed debt investors are eyeing leveraged buyout debt as the next big buying opportunity.  New research commissioned by law firm, Bracewell & Giuliani, finds that more than 85% of distressed debt investors and other leveraged debt players polled are concerned about how companies will refinance massive debt taken on for their leveraged buyouts (LBOs).  Executive [...]

Cross-Border Deals to Boost Demand for Investment Professionals

Tuesday, December 18th, 2007

2007 has been a banner year for global mergers and acquisitions.  Through mid-December, global announced M&A activity shattered all previous records to reach $4.35 trillion, a 20% increase over last year’s record, according to Thomson Financial.  But, as the year draws to a close, the credit crisis has undoubtedly left its mark on dealmakers’ sentiments [...]

Internal Auditors In High Demand and Short Supply

Monday, December 17th, 2007

Demand for internal audit professionals is rising sharply.  A recent study conducted by PricewaterhouseCoopers finds that the number of internal auditors is expected to increase over the next five years, and that technology will have a significant impact on the evolution of internal audit responsibilities.  The study also finds that internal audit leaders must move [...]

Infrastructure Finance Jobs Heating Up

Thursday, December 13th, 2007

Private equity funds, hedge funds, investment banks and other global investors have found a new investment opportunity: infrastructure.  Most recently, Babcock & Brown announced that it has raised an additional $230 million of committed capital focused primarily on infrastructure investment opportunities in the North American markets. Executive search firm, A.E. Feldman, reports that as the [...]

U.S. Law Firms Are on a Hiring Spree

Wednesday, December 12th, 2007

The total number of attorneys at the nation’s 250 largest law firms (NLJ 250) increased by nearly 6% in 2007, surpassing last year’s 4% jump, according to a recent survey conducted by The National Law Journal.  Rex Bossert, Editor in Chief of The National Law Journal, says, “The healthy leap in the overall number of [...]

Venture Capital Investment on Pace to Hit Six-Year High, Demand for Talent Grows

Wednesday, December 12th, 2007

Global venture capital investment is on pace to hit a six-year high in the fourth quarter.  VC investment is expected to top $40 billion by the end of the year, the highest level since 2001 ($55 billion), according to Dow Jones VentureOne and Ernst & Young.  The analysis also shows that deal flow is likely [...]