BofA Analyst Joins USD1.5Bln Credit Fund

Jeffrey Burch, a former utility fixed-income analyst at Bank of America in London, has left the investment bank to help manage a recently launched USD1.5 billion credit derivative-focused hedge fund in New York.

  • 27 Jun 2004
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Jeffrey Burch, a former utility fixed-income analyst at Bank of America in London, has left the investment bank to help manage a recently launched USD1.5 billion credit derivative-focused hedge fund in New York. He was between posts last week and could not be reached for comment.

Burch joined BofA almost a year back Morgan Stanley where has was an Institutional Investor-ranked utility analyst to cover European utility credits, but in recent months has moved away from the public sphere to provide research to BofA’s proprietary debt trading desk, according to Elizabeth Wood, spokeswoman in London. She added that the switch reflected BofA disbanding its company-specific fixed-income coverage earlier this year. 

He is joining Blue Mountain Capital, a New York-based money manager that recently formed a USD1.5 billion credit trading joint venture with London-based BlueCrest Capital, according to Andrew Feldstein, fund manager and former managing director and co-head of North American structured products and derivatives marketing at JPMorgan in New York. He said Burch was recruited to support a push by the fund into European credit trading. 

  • 27 Jun 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 352,540.12 1323 9.09%
2 Bank of America Merrill Lynch 315,574.44 1093 8.13%
3 JPMorgan 314,826.88 1433 8.11%
4 Goldman Sachs 234,193.07 776 6.04%
5 Barclays 226,473.92 879 5.84%

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Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 34,312.86 161 6.59%
2 Deutsche Bank 34,194.98 116 6.57%
3 Bank of America Merrill Lynch 31,113.25 94 5.98%
4 BNP Paribas 27,479.75 167 5.28%
5 SG Corporate & Investment Banking 23,982.83 136 4.61%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 19,536.02 78 8.91%
2 Morgan Stanley 16,323.54 83 7.44%
3 Citi 15,667.80 92 7.14%
4 UBS 15,208.47 58 6.94%
5 Goldman Sachs 13,487.36 72 6.15%