NYC Hedge Fund To Use Derivatives

  • 02 Dec 2002
Email a colleague
Request a PDF

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
  • Today
1 Citi 358,291.38 1348 9.06%
2 JPMorgan 320,704.66 1461 8.11%
3 Bank of America Merrill Lynch 318,128.31 1104 8.04%
4 Goldman Sachs 236,643.87 789 5.98%
5 Barclays 231,197.41 895 5.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,007.57 165 6.53%
2 Deutsche Bank 34,880.53 120 6.51%
3 Bank of America Merrill Lynch 31,805.65 97 5.93%
4 BNP Paribas 27,920.60 169 5.21%
5 SG Corporate & Investment Banking 24,398.89 138 4.55%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,745.92 80 8.85%
2 Morgan Stanley 16,334.63 83 7.32%
3 Citi 15,972.34 95 7.16%
4 UBS 15,487.17 60 6.94%
5 Goldman Sachs 14,053.61 76 6.30%