Hedge Fund Manager Plans Swaps Fund

  • 12 Mar 2001
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A U.S. fund manager is tentatively planning a fund that will gain market exposure solely via fixed-income swaps. The new fund would be managed by the same Pittsburgh-based professionals who run Lumin Asset Management, which advises equity fund Long Term Global Equities. An official close to Lumin said the fund will launch in about six months, pending legal and regulatory approval. The vehicle has not yet been named. The official declined to elaborate on what derivatives strategies the fund might use or why now is a good time to consider launching such a fund. The official said that an advantage of fixed-income swaps is that they provide access to fixed-income cash flows not directly available in the bond market.

The USD28 million Long Term Global Equities fund invests solely in cash equities.

  • 12 Mar 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 318,645.99 1207 8.88%
2 JPMorgan 291,870.93 1330 8.14%
3 Bank of America Merrill Lynch 285,392.08 993 7.95%
4 Goldman Sachs 218,480.36 718 6.09%
5 Barclays 210,235.01 814 5.86%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 33,092.37 151 6.77%
2 Deutsche Bank 33,007.84 106 6.75%
3 Bank of America Merrill Lynch 29,018.73 86 5.94%
4 BNP Paribas 25,718.39 146 5.26%
5 Credit Agricole CIB 22,722.30 133 4.65%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 18,707.17 72 9.33%
2 Morgan Stanley 15,215.44 76 7.59%
3 UBS 14,195.29 55 7.08%
4 Citi 14,014.57 86 6.99%
5 Goldman Sachs 12,113.98 67 6.04%