Investors Told To Pick Up Due Diligence

Some asset managers are not tracking their collateralized debt obligations well enough and may be caught out once the underlying collateral begins to weaken.

  • 24 Jun 2005
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Some asset managers are not tracking their collateralized debt obligations well enough and may be caught out once the underlying collateral begins to weaken. That's according to Chris Flanagan, head of asset-backed securities research with JPMorgan in New York, who said many asset managers need to better monitor deals to identify problems early.

One problem is that some firms don't have sufficient infrastructure relative to the number of deals being managed. "It's a matter of looking at every [instrument] you own, looking for delinquency trends and running stress tests continually to make sure [it] is what you thought it was when you bought it," Flanagan said. Asset managers will one day be glad they did the extra work, he said, adding, "When things do start to weaken, we will see those differences realized."

  • 24 Jun 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%