Moelis recruits experienced tech banker Timothy Roepke from Jefferies, according to sources.
Moelis Hires New Technology Banker: Moelis & Co. has hired Timothy Roepke from Jefferies to enhance its technology M&A division, with Roepke set to start in early 2026 and report to Jason Auerbach, the Global Head of Technology Investment Banking.
Expansion of Technology Investment Banking: Since Auerbach's appointment in 2023, Moelis has doubled its technology investment banking team, hiring 10 managing directors and advising on several significant transactions, including sales involving Core Scientific and Acumatika.
Leadership Change at Moelis: Ken Moelis is stepping down as CEO, transitioning to the role of executive chair, while Navid Mahmoodzadegan and Jeffrey Raich will take over leadership of the firm.
Jefferies' Competitive Moves: Jefferies has also been active in the market, recently attracting senior technology bankers from Guggenheim Partners, indicating a competitive landscape in technology investment banking.
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Legal Status: Patrick James, founder of Bankrupt Auto Parts Supplier First Brands, has been cleared of fraud charges.
Implications: The ruling may impact the company's reputation and future operations in the auto parts industry.
- Portfolio Overview: Berkshire Hathaway's stock portfolio is valued at $267 billion, with approximately one-quarter in financial stocks, representing 40% of the total value, highlighting the company's strong positioning in the financial sector.
- Ally Financial's Strategic Shift: Ally Financial exited the mortgage origination business last year to focus on auto loans, which improved its credit quality and net interest margin; analysts project a target price of $52.50, indicating a potential 24% return by 2026 as interest rates decline.
- Jefferies Financial's Market Opportunities: As a pure-play investment bank, Jefferies Financial benefits from the active M&A market, with investment banking revenue rising 12% last year; despite a 19% stock price drop due to losses related to First Brands' bankruptcy, analysts remain bullish with a target price of $77, suggesting a 26% upside.
- Buffett's Investment Recommendations: Ally Financial and Jefferies Financial are highlighted as Buffett's quality financial stocks, making them key targets for investors in February to capitalize on the recovery opportunities in the market.
- Amazon Investment: Berkshire Hathaway holds 10 million shares of Amazon, valued at approximately $2.4 billion, representing only 0.1% of its portfolio; however, with over 200 million Prime members and $530 billion in sales, the company shows strong market potential, likely maintaining a 10% growth rate into 2025.
- Alcohol Market Dynamics: Despite U.S. alcohol consumption hitting a multi-decade low, Berkshire's increased stake in Constellation Brands indicates a long-term bullish outlook on premium brands, anticipating a recovery in consumption as the economy stabilizes.
- Oil Giant Investment: Berkshire's 264.9 million shares in Occidental Petroleum are valued at nearly $12 billion, making it one of its top six holdings, reflecting confidence in the traditional energy sector, especially as oil demand is expected to persist for decades.
- Market Outlook Analysis: The International Energy Agency predicts global oil consumption will peak by 2050; while renewable energy is the future, the oil industry still presents profitable opportunities in the short term, particularly as prices are expected to recover.
- Financial Rescue Talks: Ford and GM are reportedly negotiating to provide financial assistance to the bankrupt First Brands Group by making advance payments for upcoming product deliveries, which would inject much-needed cash to help the company maintain operations amid nearly $12 billion in debt.
- Critical Component Supply: First Brands produces essential components for Ford and GM, including windshield wiper parts for the Ford F-150 pickup truck, and failure to secure this rescue could disrupt production lines for both automakers.
- Bankruptcy Impact: First Brands filed for bankruptcy in September 2025, disclosing almost $12 billion in debt and facing at least $2.3 billion in liabilities due to fraud allegations against its founder, highlighting the deep-seated crises within the auto industry.
- Industry Ripple Effects: Noted short-seller Jim Chanos warned that the bankruptcy of First Brands could trigger a broader wave of corporate failures, reflecting the industry's challenges from the shift to electric vehicles, policy changes, and supply chain disruptions.
- BlackRock TCP Capital's Expectations: The private-credit fund anticipates a decline in its net asset value for the fourth quarter.
- Market Implications: This expected decrease may signal potential concerns within the private credit market.

- BlackRock TCP Capital's Expectations: The private-credit fund anticipates a decline in its net asset value for the fourth quarter.
- Market Implications: This expected decrease may signal potential concerns within the private credit market.









