Widening Spreads May Finally Tempt Distressed Funds Into ABS Mart

Ever-widening and volatile spreads in the European secondary asset-backed securities markets could lure macro hedge funds and distressed funds into long positions.

  • 12 Feb 2008

-- Daniel Flatt

Ever-widening and volatile spreads in the European secondary asset-backed securities markets could lure macro hedge funds and distressed funds into long positions. “We may not have seen the bottom of the market yet, but at these levels would not be surprised if such trades become attractive ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%