More Traders Make Indy Research Pitch
Traders Magazine, November 2002
The small independent research houses are a bright spot in an otherwise bleak environment for traders. Blaylock & Partners, founded by Chairman Ron Blaylock, a former PaineWebber fixed income executive who once shot hoops at Georgetown University with Patrick Ewing, is one example. The firm, which has opened an OTC trading desk in New York City, said it is getting attention from large mutual funds. That's thanks in part to the plunging reputation of research at some larger firms, it adds. "All the larger firms are under tremendous pressure from Eliot Spitzer, they are overstaffed so there is a pool of talent available, and the IPO calendar has dried up," said Jamie Barker, a managing director of equities at Blaylock, who was a former COO at Wasserstein Perella. "All the accounts we've told our story to have been very receptive."
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