CTA Preps Structured Note Debut

Lake Shore Asset Management, a London-based commodity trading advisor, is preparing to market its first notes linked to one of its funds.

  • 05 Jan 2007
Email a colleague
Request a PDF

Lake Shore Asset Management, a London-based commodity trading advisor, is preparing to market its first notes linked to one of its funds. The manager is working with an AA-rated investment bank on capital-protected notes with variable leverage linked to the Lake Shore Alternative Financial Asset Fund III, which invests in futures across Asia Pacific equities, crude oil, U.S. Treasuries and gold among other assets. The fund launched in May last year and assets under management could not be determined by press time.

According to a preliminary term sheet, the notes will have a seven-year term and participation in the underlying fund could be up to 150% depending on performance. The group would offer monthly liquidity to investors in the note.

Sebastien Sainsbury, head of structured products for Europe, declined to give further details before a launch date is set.

  • 05 Jan 2007

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 356,356.29 1337 9.08%
2 JPMorgan 317,952.80 1443 8.10%
3 Bank of America Merrill Lynch 316,523.82 1098 8.06%
4 Goldman Sachs 235,165.28 784 5.99%
5 Barclays 229,116.44 888 5.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 34,411.72 162 6.58%
2 Deutsche Bank 34,293.84 117 6.56%
3 Bank of America Merrill Lynch 31,113.25 94 5.95%
4 BNP Paribas 27,578.61 168 5.27%
5 SG Corporate & Investment Banking 23,982.83 136 4.59%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,536.02 78 8.84%
2 Morgan Stanley 16,323.54 83 7.38%
3 Citi 15,946.50 94 7.21%
4 UBS 15,404.75 59 6.97%
5 Goldman Sachs 13,695.77 74 6.19%