Distressed Managers Lead The Pack

Total compensation for U.S. fixed-income investors rose by more than 10% last year, with distressed investors leading the pack, as low interest rates and improving corporate fundamentals fueled significant spread tightening.

  • 27 Aug 2004
Email a colleague
Request a PDF

Total compensation for U.S. fixed-income investors rose by more than 10% last year, with distressed investors leading the pack, as low interest rates and improving corporate fundamentals fueled significant spread tightening. Investors' average salaries increased by around 5% to nearly $160,000, and bonuses increased by more than 15% to about $195,000, according to a recent report from Greenwich Associates. Distressed managers raked in a little more than $1 million, up from $694,000 in 2002.

Fixed-income portfolio managers made an average of $374,000 last year, up from $326,000 the previous year, while hedge fund professionals saw their pay increase to $749,000 from $597,000. The data was compiled during the first half of this year when the Greenwich, Conn.-based consulting firm polled nearly 1,500 institutional investors from banks, insurance companies, hedge funds and mutual funds.

Distressed hedge fund investors were the big breadwinners, earning nearly $1.25 million, up from $786,000 in 2002. Elsewhere, below investment-grade credit managers were paid $695,000, up from $516,000.

The low rollers include mortgage-backed managers, who made an average of $257,000 in 2003 and $241,000 in 2002; asset-backed portfolio-managers, whose compensation rose to $292,000 from $268,000; commercial mortgage-backed securities portfolio managers, who took home $358,000 compared to $344,000. Investment-grade portfolio managers, meanwhile, cashed in on $325,000 in 2003 and $262,000 the previous year.

  • 27 Aug 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%