Very lucky. Crestone Wealth Mgt (formerly UBS), got their clients a 60% allocation in this latest cap raise.
It's definitely a very closed shop.
Moelis see themselves as a bit of a Macquarie Bank
And just like Macquarie, investors will do better by just buying their shares, rather than invest in the products they spruik.
Without a market capitulation, Moelis is a very good buy.
