Korean Fund Manager Preps Fund Launch

  • 16 Dec 2002
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KEB Commerz Investment Trust Management, a Seoul-based asset manager with over KRW3 trillion (USD2.4 billion) under management, is gearing up to launch a fixed income fund in the coming weeks that may employ over-the-counter equity options. "We could possibly use derivatives to hedge equity exposure," said Jae Hyun Lee, head of equities in Seoul. He continued that the upcoming fund, with a target size of KRW50-100 billion, will invest 60% of assets in domestic bonds and 40% in convertibles. Lee noted that in the event of rising stock prices whereby it makes sense to convert the CBs to equity, KEB Commerz will consider hedging the equity volatility via single-stock OTC options.

The asset manager recently launched an equity fund geared towards retail clients that may use OTC options as well as listed futures (DW, 9/29). KEB Commerz's main shareholders are Germany's Commerzbank and Korea Exchange Bank.

  • 16 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%