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 Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%