Sun Dec 06 09:09:00 -0500 2009

Financial Times (New York)

- When an institutional asset management firm in the US decides where to buy its equity research, a vote is taken in democratic Wall Street fashion – not just from the portfolio managers and analysts, but also the folks on the trading desk.

There are also three one-woman shops founded by star equity analysts who made their names at investment banks and then discovered big clients would pay handsomely for their customised research. They are: Ivy Zelman, a housebuilding industry analyst who left Credit Suisse Group in 2007; Dana Telsey, a luxury goods analyst who left Bear Stearns in 2006; and Meredith Whitney, a financial services analyst who left Oppenheimer in February this year.

To view the full article, download the PDF here: Financial Times, December 6, 2009