masters in accounting
Unbiased Finance Blog

San Antonio Accounting Societies

Local Accounting Firms

  • BKD
    In the last few years several local firms have been acquired, like the Hnake group, by national firms such as BKD.
  • Grant Thornton San Antonio
    Grant Thornton is one of the large national firms occupying the size ladder below the Big Four.l
  • Padgett Stratemann is now RMS
    As San Antonio becomes a bigger player in Texas Business, more national firms are entering this market. A national firm does not start from zero. RMS (http://rsmus.com/) purchased Padgett. This gives the buyer a large client base to start with. Typically the local partners have made a handsome profit on their time at the firm. But seeking to recoup the investment, the buyer typically raises fees knowing some business will be lost. RMS has re located from North Loop 410 to 1604 and 281. Renee Foshee, a tax expert with the firm, is the current SA CPA Society President.
  • Turner Cleveland PC
    Terry Cleveland has addressed our students. Two of our graduates are employed with at this firm.
  • weaver CPA
    Weaver is one of the largest Texas based Accounting Firms.
  • Hill and Ford CPAs
    Kim Ford has addressed our students. She has expanded her practice from tax and write up to forensic investigation and court testimony.
  • Fisher Herbst and Kemble P. C.
    Bruce Howard who was on our Business Advisory Council was the Officer Manger for this firm.
  • Ridout Barrett CPAs
    Tony Ridout has visited and addressed our students many times. We have placed graduates with Ridout for several years.

Financial Consulting Firms

  • Aventine Hill Partners, Inc.
    Beth Hair CEO founded Aventine in San Antonio in 2009. The firm now has offices in Dallas, Austin, San Antonio, and Houston. She formerly was with RGP.
  • Resource Global Professionals
    Susan Hough has been to campus and spoken to our students. She is the San Antonio Manager of RGP. RGP and Aventine are not CPA firms. Instead they offer contract specialists for firms needing specific tasks such as compliance or Controllerships.

Accounting Information

Accounting Certifications

Accounting Information

TAMUSA Library

  • P2240002
    Learn about the accounting review mateirals!

Geo Politics

  • Foreign Affairs
    :Published by the Council on Foreign Relations
  • Institute for the Study of War
    The Institute for the Study of War advances an informed understanding of military affairs through reliable research, trusted analysis, and innovative education. We are committed to improving the nation’s ability to execute military operations and respond to emerging threats in order to achieve U.S. strategic objectives. ISW is a non-partisan, non-profit, public policy research organization.
  • Stratfor
    This Austin, TX based site was begun by an ex Texas State Professor.

About

Columnists - Thoughtful Reading

Economic Sites and Blogs

The View from Abroad

San Antonio Ragtime Society

  • San Antonio Ragtimne Society
    This is an organization that sponsors the only annual Ragtime Festival in Texas. A TAMUSA student is an active member.

Categories

Subscribe to this blog's feed
Blog powered by Typepad

Recent Posts

May 2023

Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

More...

San Antonio Ragtime Society

  • San Antonio Ragtimne Society
    This is an organization that sponsors the only annual Ragtime Festival in Texas. A TAMUSA student is an active member.

Socionomics

« Goldman and Morgan Have but One Client - themselves | Main | An Overbought Market »

March 30, 2021

Archegos Capital Mismanagement

Tuesday March 30 2021

Here is another story on Archegos meltdown last Friday.

 

https://finance.yahoo.com/news/one-world-greatest-hidden-fortunes-002617417.html

 

I wonder how many more Bill Hwang's are out there, borrowing more and more, higher and higher leverage, and losses all around when the margin calls  arrive.A popular idea in the late 1980s was the concept of portfolio insurance. But when the sell off hit in October 1987, PI made the selling just that much worse, the opposite of what a hedge was supposed to do.

 

this reminds me of Long Term Capital Management.

https://en.wikipedia.org/wiki/Long-Term_Capital_Management

not all fraudsters intend to defraud, consider  the case of Nick Leeson who destroyed Barrings Bank.

https://en.wikipedia.org/wiki/Nick_Leeson

 

 

 

Posted at 12:29 PM in Ethics |

Comments

Eric B Rasmusen

What is all the fuss about? It seems like Hwang made a big bet, and lost. He knew what he was doing. When you play double or nothing, sometimes you end up with nothing.

What I wonder is why any banks lost. Why would they lend to a trader without asking for collateral?

Posted by: Eric B Rasmusen | March 31, 2021 at 10:02 AM

The comments to this entry are closed.