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.
Read the magazine on your mobile device
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
|Rank||Lead Manager/Arranger||Share % by Volume|
|5||Natwest Markets (RBS)||7.15|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|1||Bank of America Merrill Lynch||18,561.02||56||11.69%|
|2||Wells Fargo Securities||18,160.90||57||11.44%|