Quote from Equalizer:
They are a Global Investment Bank with mega reputation for "Champagne type service but you pay for it".
- King in M&A, or at least was.
- Bought the Hull group for half a Billion a few years back.
- Owns SLK (specialists on NYSE, REDI ECN, etc).
- Current NYSE chief was second in charge at GS a few years back.
- Fisher Black (who sadly died in the late nineties before the Nobel Prize was awarded to Merton and Scholes for the famous equation) worked with Derman at GS. Lots of big names at GS.
- Attract the best and brightest, and remunerate accordingly
- Learned the lesson from the "old" Salomon Brothers, in how to create a "special" culture.
- Have well-known analysts like Abbey Cohen (where the phrase "If Abbey Cohen sneezes, the rest of the market catches a cold" comes from).
- Were very quick on shifting focus to Fixed-Income when equities took a beating in 2000.
- Prop trading has increased with all the IBs, as profits became razor thin elsewhere.
etc, etc, etc, etc, .........
