Free Site Registration

Rising From the Rubble: New and expanding growthis sparking a trading revival in San Francisco. Pet

Traders Magazine, November 2002

Peter Chapman

The growth stock capital of the United States is rising again. After three years of plummeting stock prices, massive layoffs and brokerage house retrenchments, San Francisco is coming back. A slew of small and mid-sized investment banks is building up research, sales and trading in the city in a race to become Wall Street's dominant growth stock boutique. The flurry of activity comes as San Francisco's old guard dealing firms retreat from the city, the growth stock business and even corporate existence itself. Robertson Stephens went under this summer. J.P. Morgan Chase shut its Nasdaq desk. Bank of America hired a New York-based executive to run an equity trading operation out of the Big Apple.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?