bulge-bracket firm

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Bulge-Bracket Firm

In bracketing, an underwriting firm responsible for placing a certain amount of a new issue with investors. If a bulge bracket firm is the single largest underwriter, it may be responsible for assigning parts of the issuer to other underwriters. Brackets are listed in order of size on an advertisement detailing each new issue, known as the tombstone.

bulge-bracket firm

A large investment banking firm that is considered to have an exceptional reputation and customer base. Investment bankers such as Merrill Lynch, Morgan Stanley, and Goldman Sachs are held to be among the relatively small group of firms that qualify.
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Unlike the bulge bracket firms for whom high-touch trading is a substantial part of the business, agency brokers have smaller budgets and tend to rely on their technology and low-touch trading services to win clients.
Altman aggressively recruits managing directors from the Wall Street bulge bracket firms, each with a $10 million revenue target and has won many trophy mandates in TMT deals.
The best example of unbundled purchasing and the importance of expertise is the advisory business, where bulge bracket firms or "pure" investment banks have dominated.
Industry-focused investment banking firms are clearly gaining significant market share from more generalist bulge bracket firms.
Riley #1 among regional firms for the past consecutive four years, besting the bulge bracket firms in terms of performance of our buy recommendations.
QSG compared Cheevers & Company's execution quality to the performance of other, typically larger and more recognizable agency brokers, buy-side institutions, and bulge bracket firms to create the sample.
While Margery has served in a senior capacity at various bulge bracket firms, she was most recently a managing director at a successful M&A boutique and brings an entrepreneurial skill set that is a tremendous fit for JMP.
The business has added additional senior professionals from bulge bracket firms as well as boutiques in recent months in a continuing effort to build its intellectual capital in equity research, sales and trading.
Hurst is a 26-year veteran banker with extensive experience at bulge bracket firms such as Merrill Lynch, Salomon Smith Barney and JPMorgan, where he spent a combined 17 years.
Those figures outperformed the bulge bracket firms.
The municipal finance market continues to undergo an enormous transition period as many of the bulge bracket firms that traditionally served as senior managers have left the market or are no longer in business.
Concept Capital has made growing its institutional sales and trading business a top priority in 2009 as we see tremendous opportunity to grow our business and fill the institutional service gap created by the collapse of a number of the bulge bracket firms," said Robert E.