BlackRock Co-Head Moves To Macro Fund

Rajiv Sobti, formerly a managing director and co-head of fixed income at BlackRock Financial Management, resigned last week and will join Vega Asset Management, a macro hedge fund with trading offices in Madrid and London.

  • 09 Apr 2004
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Rajiv Sobti, formerly a managing director and co-head of fixed income at BlackRock Financial Management, resigned last week and will join Vega Asset Management, a macro hedge fund with trading offices in Madrid and London.
 
At Vega, Sobti will run a fixed-income relative value fund. He said he will focus on mortgage-backed securities, Treasuries, agencies, swaps, options and other triple-A securitized asset classes. He added that he would hire four to six professionals to work on the fund. In addition, Sobti will become head of North American trading for Vega, said Jon Berg, ceo of Vega Asset Management (USA).
 
BlackRock issued a detailed letter to investors last week that announced Sobti's departure and touted its fixed-income team's "deep bench." Barbara Novick, managing director at BlackRock, declined to comment.
  • 09 Apr 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%