Sowood Sells Securities To Meet Margin Calls

  • 30 Jul 2007
Email a colleague
Request a PDF

Sowood Capital Management sold securities to meet margin calls following losses on corporate bonds, reports The New York Times. The management firm said its bonds fell in value after investors lowered its exposure to subprime mortgages and bonds used to fund leveraged buyouts. “With the tightening market conditions, we thought it was prudent to increase liquidity, so we took off positions from the book,” Megan Kelleher, general counsel and managing partner, said Friday. “We continue to meet margin requirements.”

Sowood was started by Jeff Larson, former manager of Harvard University’s endowment. The firm has $3 billion under management.

Click here to read the story from The New York Times

  • 30 Jul 2007

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
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%