Analyzing the viagra spam

Ok, its sunday and I am pissed to see three more “october 75% off” viagra emails on my corporate account, so i decided to do a little more research on these.These emails are definitely from a botnet of spam zombies, i traced all three originating ip addresses – they are from Chile, Turkey and South […]

Tips to live life to the fullest

I did not write these tips, but I think these are so true; I am pasting them in my blog to remind myself that there is life beyond my boundaries. “The proper function of man is to live – not to exist.” — Jack London Too often we go through life on autopilot, going through […]

MCSD, here I come

I overestimate certifications – especially when I see them in big bold colorful letters on peoples’ resumes. I’ve been thinking of MS certification for the last few years, but never set aside the time to study and take the 5 exams. For some reason, I browsed to the MS certification site on friday night, came […]

Private Equity in our backyard

To draw an accurate picture of the performance of private equity and hedge funds, we defer to a mega-fund in our own backyard – the CalPERS Alternative Investment Management (AIM) Program. Since 1990, this fund has invested in four major areas of private equity – Venture Capital, Buyout Financing, Expansion Capital, and Mezzanine Debt Financing […]

The future of private equity market

Several market watchers have asserted that the pace of growth of private equity deals has impressed upon investors the notion that stocks are reasonably priced. Consequently, they are also inclined to believe that a gradual decrease in private equity deals will signal over-valuation again. Although we don’t dismiss such a notion completely, we feel that […]

FIG Valuation – Not the typical widget maker

Ever since hedge fund performance took the limelight, hedge funds have been charging exotic fees to the range of 1-2% of total assets plus a considerable chunk (10-30%) of actual profits. For companies like Fortress, revenues come from two sources: Management Fees – This is the fee that asset management companies levy from their investors […]

The Fortress Post Mortem

On Feb 14, 2007 Fortress completed its acquisition of RailAmerica; the short-term build-up in price was immediately lost after the news of acquisition. Many analysts that covered the railroad industry resounded that the buyout was a bad deal for Fortress because of RailAmerica’s sloppy record, but Fortress most likely discovered some undervalued assets in the […]

Introduction to Fortress

I created the Private Equity section on my blog to track some of the changes in the private equity market and consolidate my project research in one place. I am doing an analysis on the recent Fortress Group’s (FIG) IPO and post-IPO market reaction; the primary goal being to answer some trivial questions……. – Is […]