Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Integre Advisors
The Move to a Less Levered World
November 30th, 2008
"The market is basically a hit-and-run victim at this point," says Manny Weintraub, former Managing Director of Neuberger Berman and Founder of money management firm Integre Advisors. "What's going on in the stock market is not so much about the stock market as it is about a desperate need for liquidity as we move to a less levered world. Everything has been marked down, every asset class - corporate, high-grade corporate, convertible bonds, munis, and junk bonds." "The collateral damage is that people need out - and they have to mark down the merchandise to get it to move, because there is not a lot of interest in buying. "What I've been trying to...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-30)
|
