European Subprime Fund Halts Redemptions

  • 06 Aug 2007
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Germany’s third-largest mutual fund manager halted redemptions from a fund invested in subprime mortgages last week, reports CE.cn. Union Investment Asset Management Holding put a stop to redemptions after investors redeemed €100 million ($137.94 million) from the €950 million ($1.31 billion) ABS-Invest Fund, a company spokesperson said on Friday. The spokesperson cited illiquidity in the market as a cause of the halted redemptions. “A lot of the subprime debt lies with European managers,” said Iain Beattie, a consultant who advises pension funds at Watson Wyatt Worldwide in London. “There could be more news to drip out on this.”

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  • 06 Aug 2007

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%