London Fund To Review Derivatives

London Pension Fund Authority, with GBP2.7 billion (USD4.89 billion) is holding a meeting on Thursday to discuss whether to pursue its interest in derivatives.

  • 21 Mar 2004
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London Pension Fund Authority, with GBP2.7 billion (USD4.89 billion) is holding a meeting on Thursday to discuss whether to pursue its interest in derivatives. Amanda Walker, director of finance and investments, said if the trustees agree it will review the instruments and make a decision in the summer.

The move is part of a trend among pension funds to look at alternatives to traditional equity and fixed-income products, prompted by deteriorating assets and increasing liabilities.

Walker listed credit-default swaps, collateralized debt obligations, interest rate swaps and equity-linked products among the instruments that any review would study.

  • 21 Mar 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 396,777.09 1492 9.04%
2 JPMorgan 362,850.76 1643 8.27%
3 Bank of America Merrill Lynch 347,296.27 1234 7.92%
4 Goldman Sachs 258,020.28 869 5.88%
5 Barclays 254,568.76 1002 5.80%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 40,406.23 179 6.71%
2 Deutsche Bank 36,549.85 129 6.07%
3 BNP Paribas 30,861.76 187 5.12%
4 Bank of America Merrill Lynch 30,788.61 98 5.11%
5 Barclays 30,558.69 87 5.07%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,646.51 97 8.86%
2 Morgan Stanley 17,632.84 92 7.22%
3 Citi 16,974.50 104 6.95%
4 UBS 16,761.62 67 6.86%
5 Goldman Sachs 16,222.71 88 6.64%