Street Talk understands investment bank research bosses are going in to meet Peter Lee’s people ahead of the all-important survey results. The poll asks institutional investors to rank sell-side analysts and their trading desk colleagues.
It’s a bit of a popularity contest, but it comes with year-long bragging rights.
While the results are closely held by Peter Lee, sources said the ranks should be out in the next week or so.
While fund managers have endless award nights to crow about, and investment bankers have plenty of league tables to bicker about, this is a researcher’s time to shine (and a good line to add to the CV ahead of bonus season).
No doubt investment banks will also be using the results to aggressively pursue clients.
Morgan Stanley diverts phones to dodge Optus woes, writes Aaron Weinman.A company run by former New York Stock Exchange president Tom Farley is among three suitors vying to buy the remnants of FTX, The Wall Street Journal reports.Private equity firms are doing all that they can to retain talent: higher base salaries, more leave time, gym discounts and travel insurance, Bloomberg reports.
The chart
Queensland Airport’s financial results have recovered to pre-COVID levels, according to the flyer. Its revenue halved when the pandemic struck – going from $147 million in the 2019 financial year to $73 million in 2021.