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However, if KBRA ratings are made widely available, there will be little to no competitive advantage for the institutional investors.
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Yet the best of the group can take advantage of an institutional landscape in the country that often favors older companies over younger ones, helping to boost their growth and staying power.
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The technology that we built became the competitive advantage in the corporate and institutional services business at the bank.
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They have been analyzing their team needs and acquiring institutional knowledge about how to strategically gain a competitive advantage based on an assessment of their competing teams.
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"An advantage of a PIPE is that an institutional investor can take a large position in an illiquid stock, " said Byron Roth, chairman of Roth Capital Partners, which raised the most money in PIPE deals last year.
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The lawsuit against Credit Suisse and others sketches a similar conspiracy, in which securities firms--with the help of big institutional customers including Fidelity and Janus Capital--are accused of taking advantage of Internet fever to drive up the price of newly issued shares in the aftermarket.
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Publically-held companies with built-out infrastructure have a competitive advantage over the start-ups and therefore get the attention of institutional investors, looking for long-term plays.
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From this perspective, regulatory bias is a natural human manifestation of the current institutional structure of financial regulation in which the financial services industry enjoys a decisive home-field advantage.
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