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 280,265.07 1033 8.97%
2 JPMorgan 255,894.98 1165 8.19%
3 Bank of America Merrill Lynch 248,918.80 861 7.97%
4 Goldman Sachs 192,023.30 615 6.15%
5 Barclays 183,846.60 703 5.89%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,458.91 116 7.05%
2 Deutsche Bank 26,902.99 90 6.66%
3 Bank of America Merrill Lynch 24,997.04 70 6.19%
4 BNP Paribas 21,217.62 120 5.25%
5 Credit Agricole CIB 19,454.23 112 4.82%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,671.74 61 7.87%
2 Citi 12,076.06 76 6.95%
3 Morgan Stanley 11,899.85 66 6.85%
4 UBS 11,800.30 47 6.80%
5 Goldman Sachs 11,111.93 58 6.40%