Energising Houston


“Any time there is a void in the market, banks examine their opportunitiesmore intensely,” says Pamela Baden, managing director of investment bankBear Stearns’ Houston-based energy group.

But unlike other banks that established energy trading desks following the energymerchant collapse, Bear Stearns took a different approach. The bank’s energygroup, created last June, is solely concerned with buying energy assets to buildthe firm’s securitisation capabilities. The group typically buys stakesi

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