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 Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%