Pandit's Fund Biz Nears Launch

The private equity and hedge fund business led by ex- Morgan Stanley bigwigs Vikram Pandit, John Havens and Guru Ramakrishnan is readying for an April launch.

  • 17 Feb 2006
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The private equity and hedge fund business led by ex- Morgan Stanley bigwigs Vikram Pandit, John Havens and Guru Ramakrishnan is readying for an April launch. As first reported on DW's Web site, two other senior Morgan staffers, George James, global head of derivatives and government bonds, and Sutesh Sharma, global head of equity proprietary trading, are also joining the group, dubbed Old Lane Mangement. Sharma, who will reportedly be heading the European business, declined comment when reached on his cell phone.

The operation will have offices in New York, London, Philadelphia and India, according to an official close to the launch. It will initially consist of an Indian-focused private equity fund and a multi-strategy hedge fund. The reason for the title and likely launch size could not be determined. It is also unclear whether Morgan Stanley itself will be providing seed capital to the group. All together, 10-15 people are said to be on board, with more hires on the way.

As first reported by DW sister publication Alternative Investment News in the fall, the fund has been on the cards since Pandit, Havens and Ramakrishnan quit Morgan Stanley last spring.

  • 17 Feb 2006

All International Bonds

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1 Citi 313,852.39 1175 8.95%
2 JPMorgan 286,674.13 1305 8.17%
3 Bank of America Merrill Lynch 281,869.72 974 8.04%
4 Goldman Sachs 214,547.99 704 6.12%
5 Barclays 205,147.76 790 5.85%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Deutsche Bank 31,971.88 102 6.84%
2 HSBC 31,343.18 140 6.70%
3 Bank of America Merrill Lynch 28,468.55 82 6.09%
4 BNP Paribas 24,679.63 135 5.28%
5 SG Corporate & Investment Banking 22,195.55 122 4.75%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 15,956.24 68 8.20%
2 Morgan Stanley 15,028.69 75 7.73%
3 UBS 14,195.29 55 7.30%
4 Citi 13,827.82 85 7.11%
5 Goldman Sachs 11,994.74 65 6.17%