| Topic Name: |
Merrill Lynch |
| Message Name: |
Uh oh... |
| Date Posted: |
02/06/2002 |
| In Reply To: |
Would you please explain what you mean by buyside and sell side. I also don't really understand the diffrent types of funds.
Thank you. |
| Message: |
You need to do some reading...fast.
ok, a 30-second guide:
Firms that invest money e.g.mutual funds, hedge funds, pension funds etc = buy side
investment banks, firms that act as intermediaries between buy-side and borrowers
= sell-side
Fidelity = buy-side
Merrill...depends.
All of the firms who have major investment banking (sell-side) operations also have an investment management (buy-side) division / company. For example, Merrill Lynch's 3 major sell-side divisions are corporate finance, equities & fixed income. However, they also have MLIM, merrill lynch investment management.
If you're interviewing at MLIM, make sure you read up about the Unilever-MLIM court case, it'll be on the FT website if you missed it.
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