City: Inside The Great Expectation Machine - Couverture rigide

Golding, Tony.

 
9780273642312: City: Inside The Great Expectation Machine

Synopsis

The City and, beyond that, the landscape of our entire financial system is dominated by institutional investment.  Corporate empires rise, fall or change hands on the tide of institutional opinion.  Today the influence of these institutions is such that they have, in many ways, become the City, the heart of a pulsating expectation machine. Based on 24 years' experience, The City: Inside the Great Expectation Machine is a compelling guide to what really makes the City tick, taking you inside the equity market and explaining its structure, dynamics and behavior. The book describes how the seperate but inter-related elements that make up  'The Machine' fit together and work with each other to exert such a grip on the corporate sector.  It tackles the broad issues that surround the City and provides an enlightening analysis of the current institutional investment scene, answering such questions as: *  How did the City achieve the status it now has?
*  How do the big investment institutions exercise their control over British industry?
*  What motivates institutional fund managers and how do they make their decisions?
*  What do investment analysts actually do and why are they paid so much?  
With genuinely fresh and original insights into the closed and closely connected worlds of institutional investment and investment banking.  The City: Inside the Great Expectation Machine illustrates how these institutions dominate the London Stock Exchange and how they impact on the City, industry and the private investor

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À propos de l'auteur

About Tony Golding

After graduating from Cambridge and the University of Sussex, where he gained a doctorate in industrial economics, Tony spent several years with an international electronics company. He entered the City in 1974 and spent 24 years there, starting as an investment analyst with a small, research-based firm of stockbrokers. In 1978 he joined Flemings, the London-based investment bank, becoming a director and head of research in the asset management division. Before Big Bang in 1986 he took responsibility for setting up the research and sales functions in Flemings' newly established securities operation. In 1989 he moved over to investment banking, where he specialized in the generation and marketing of acquisition and equity-financing ideas in several industry sectors, both in the UK and internationally.He left in 1998 to write this book.

Many people in the City can lay claim to an in-depth knowledge of one or other of institutional investment or securities or investment banking, but very few have first-hand experience of working at director level in all three. In writing this book, Tony has drawn extensively on the all-round perspective that his varied career has given him.

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