NYC Hedge Fund To Use Derivatives

  • 02 Dec 2002
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BTP Capital plans to invest in Treasury and agency futures, as well as enter interest rate swaps in its new BTP Tax Advantaged Trading Fund. Chris Dillon, partner in New York, said it will use the derivatives to mitigate interest rate risk.

In the swaps the fund will pay a fixed-rate and receive a floating LIBOR-based rate, or it will buy swaptions, said Dillon. BTP Tax Advantaged Trading, a long/short fund investing in municipal bonds, will be launched with seed capital of USD20-25 million, and is expected to launch early next year. Merrill Lynch is the prime broker for the fund. Any swaps and futures entered into by the fund will be executed with large firms, including Merrill Lynch, Dillon said.

  • 02 Dec 2002

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 13,488.13 59 8.47%
2 Citi 11,496.21 73 7.22%
3 UBS 11,302.86 45 7.09%
4 Morgan Stanley 10,864.95 59 6.82%
5 Goldman Sachs 10,434.21 54 6.55%