Osprey To Roll Out Distressed Fund

Osprey Group Asset Management is planning to launch a distressed fund sometime in the next month.

  • 10 Jun 2005
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Osprey Group Asset Management is planning to launch a distressed fund sometime in the next month. The firm, which is run by Michael Araiz and Mathew Bennett, will kick off the fund with around $25 million. It will make value investment plays across the capital structure including equity, bonds and bank debt, said Araiz.

The fund will have the advantage of being small without the burdens of having to put a lot of capital to work in the distressed area, said Araiz. He added that there should also be good opportunities to pick up some fallen angels. Earlier this year the firm tapped Steve Jackson, formerly of SAC Capital Advisors, to manage the fund.

The firm is also working on a levered version of its flagship Osprey Opportunity Fund. The fund buys at a discount mostly high-grade asset-backed securities in odd-lot portions from dealers looking to shed these positions. It then generates alpha by selling the odd-lots to smaller dealers or by collecting enough odd-lots to create round-lots for sale in that market. The new version will afford investors the opportunity to get higher returns off the low volatility strategy, said Araiz. Osprey has lined up around $200 million for the new offering and is awaiting bank approval.

  • 10 Jun 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,941.13 111 8.93%
2 Barclays 31,588.47 86 7.85%
3 JPMorgan 27,799.55 107 6.91%
4 Bank of America Merrill Lynch 27,706.86 75 6.88%
5 HSBC 21,949.38 82 5.45%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%