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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%