The Shadow Banker’s Secrets: Investment Banking for Alternatives [2nd Edition] by Benjamin Summers
A shadow bank is a non-depository financial institution that provides services similar to traditional commercial banks but operates under exemptions from normal banking regulations. Investment banks, private equity and hedge funds are examples of a few types of shadow banks. They create debt and equity capital across the global financial system.
The highest level of financial expertise and sophistication is captured by shadow banks… expertise that affords these institutions the ability to not only structure investments that outperform anything available to the public, but more importantly, to create almost infinite capital at will. Over the past half century, shadow bank’s esoteric expertise has fueled the explosive growth of the financial services industry that has corrupted the principles of free markets through regulatory capture and the Federal Reserve itself.
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Ben is the Founder and Managing Director of Adagio Group. Hehas led Adagio from a single entity real estate investment company in 2005 to become an innovative financial institution providing fund management and capital financing services across asset classes through its discrete operating structures. Ben has extensive knowledge in quantitative finance, the application of risk engineering principles, and private securities transactions.
Ben graduated from Louisiana State University with a Bachelor of Science in Physics having studied Music as a second discipline. He currently holds FINRA Series 65 and Florida Real Estate Licenses, is a member of the Forbes Finance Council, and is the author of The Shadow Banker’s Secrets: Investment Banking for Alternatives.