Hedge Funds Picking Up Pieces Of Distressed Credit Market

  • 31 Jul 2007
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As the credit market falters – hedge funds have begun to swoop in for the remaining pieces, reports The New York Times. Following Citadel Investment Group’s pickup of Sowood Capital Management, Silver Point Capital is seeking to raise opportunistic funds. Marathon Asset Management is also planning a new fund which would buy slumping mortgage assets. “The meltdown in the subprime mortgage market has been absolutely stunning, and given this significant opportunity, Marathon has decided to roll out this fund,” Marathon’s President Bruce Richards reportedly said in a letter sent to clients.

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  • 31 Jul 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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%