Distressed Buyer Ramps Up Cash

Schultze Partners, a distressed fund based in Purchase, N.Y., is bulking up its assets and plans to put the new cash to work in the coming weeks.

  • 17 Dec 2004
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Schultze Partners, a distressed fund based in Purchase, N.Y., is bulking up its assets and plans to put the new cash to work in the coming weeks. The fund expects to receive an additional $40 million at the end of the month, on top of $175 million under management.

George Schultze, founder and portfolio manager, said he will put the money to work by shorting credits in the airline and commodity-sensitive industries such as auto-suppliers, fuel and chemical companies. He sees companies in these sectors as most likely to seek bankruptcy protection next year, but declined to name specific credits.

Schultze said he expects the portfolio to grow to $400 million, at which point he will cap the fund, within the next three to six months. The inflows come as the fund registered a 58% return for the year as of the end of November.

 

  • 17 Dec 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

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 %
  • Last updated
  • 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%