Maxim’s Buy-side Research provides end-to-end research support to buy-side clients such as hedge funds, family offices, private equity & venture capital firms and other asset management companies. We work with clients across the entire lifecycle spanning across capital raising phase to steady state investment phase. Maxim provides research support across asset classes viz. Equities, Fixed Income, structured products and FX etc. across both developed and emerging markets.
Maxim works with hedge funds across the entire life cycle spanning from capital raising phase to steady state investment phase. Maxim provides research support across both equities and fixed income and provides alpha generating investment opportunities on both long and short side.
The services targeted at Equity and Fixed Income hedge funds are provided below:Equity Long/Short Hedge Funds
Maxim provides research support to asset management companies both in terms of on-going portfolio surveillance as well as identifying new investment opportunities. The research support provided is listed below:
⇒ Working model on portfolio stocks
⇒ Quick quarterly earnings analysis and detailed quarterly earnings notes of portfolio companies
⇒ Detailed quarterly earnings note of portfolio companies
⇒ Preparatory notes for a company for Q&A with management
⇒ Comparable tables on public companies
⇒ Company report with basic financial model
⇒ High level pre IPO valuation for investment decision
⇒ Tracking analyst and Bloomberg estimates on portfolio companies
⇒ Summary company report summarising analyst reports
⇒ Building stock screens for short listing equities in sectors/geographies
⇒ Debt Comps and Peer Group Analysis
⇒ Financial modelling including DCF. LBO, Credit Capital Structure/Covenant/Cash flow modeling.
Maxim's Sell-side Research is primarily targeted at independent research providers, investment banks and brokerage firms researching global bonds and stocks across market capitalizations (large, midcaps and small/micro caps). Maxim's unique selling proposition is providing differentiated independent research across asset classes (equity, fixed income) and identifying contrarian calls both on long and short side.
1. Fundamental View - Measures the company growth prospects, company's positioning within the industry, overall competitive dynamics. Also assesses earnings risk by analyzing leading indicators of earnings slow down such and/or spotting Earnings Management techniques.
2. Valuations View - Measuring the extent of over-valuation or under-valuation of stock on absolute basis and on relative basis with respect to peers and its own historical performance. This is measured factoring in the operational performance of the stock under review.
3. Technical View - Measuring how the stock fares based on the technical indicators (both short term and long term).
4.Scuttlebutt View - In addition to the above metrics, Maxim employs Philip Fisher's Scuttlebutt approach to research the company by tracking the company's customers, suppliers and its competitors.
Following is a list of services we provide in IBM&A Support
Private Equity (PE) :
Maxim works closely with private equity firms providing research support across the entire deal life cycle spanning from pre-transaction to post transaction support.1. Pre-Transaction support
⇒ Hypothesis testing and market analysis: Testing the investment hypothesis through in-depth research & analysis.
⇒ Deal sourcing/Short-listing targets based on custom filters: Screening companies based on filters such as geography, revenue/assets, profitability trends, market
position, growth plans and corporate structure/governance.
⇒ Profiling identified companies: Creating detailed company and sector profiles of identified targets which facilitate next steps in the investment process.
⇒ Continuous market monitoring: Covering important events and news and analysis within the countries, sector or companies of interest.
⇒ Preparing reports such as Investor Memoranda & Presentations etc.
⇒ Due diligence support: Detailed business & financial due diligence on target companies including forensic checks on financial statements, business practices,
corporate governance etc.
⇒ Financial modeling for the deal: Financial modeling (DCF, LBO etc) for the deal & helping build the business case
⇒ Valuation support based on "Comps": Detailed valuation benchmarks and price discovery in case of privately held companies.
⇒ Industry Landscaping & Profiling
3. Post Transaction support
⇒ Building & tracking target performance through dashboards:
Building and ongoing monitoring of target performance through executive dashboards of portfolio companies, commitment committee materials.
⇒ On-going deal support:
Data normalization, due diligence, scenario planning and valuation support when the target company releases internal data
Maxim provides various related services to Coporates (CFO office), Advisory firms, and Research Industry.
The services include:
⇒ Business Research and Consulting Services
⇒ Data Aggregation
⇒ Database Maintenance
⇒ CFO support
⇒ Investor Relation Services
⇒ Sponsored Research
⇒ Financial Modeling
⇒ Credit Analysis, Risk Analytics, Regulatory Compliance and reporting
⇒ ESG Research