Putnam High-Yield Pro Moves To Equity Hedge Fund

Charlie McCarthy, a senior v.p. at Putnam Investments, has resigned and plans to join an equity hedge fund.

  • 27 Feb 2004
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Charlie McCarthy, a senior v.p. at Putnam Investments, has resigned and plans to join an equity hedge fund. McCarthy, who traded and researched high-yield bonds in the gaming, lodging and homebuilding sectors, starts next week at Prides Capital Partners Fund, a Boston hedge fund that will start accumulating assets this month. The firm, which includes four other partners, plans to focus on investing in small and micro capitalization companies. McCarthy says his role will be analytical and that he will focus on distressed debt and equity offerings from all leveraged companies. Prior to his seven-year career at Putnam, McCarthy worked at Colonial Investments.

Kevin Richardson, another founder of Prides Capital, says there is a "huge synergy" between high yield and equity pros, and states that McCarthy's high-yield experience will be a great asset to the firm. So far, it has raised $100 million.

  • 27 Feb 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 315,565.94 1183 8.89%
2 JPMorgan 288,650.70 1316 8.13%
3 Bank of America Merrill Lynch 284,218.69 988 8.01%
4 Goldman Sachs 215,758.12 710 6.08%
5 Barclays 207,555.74 805 5.85%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 32,400.29 147 6.76%
2 Deutsche Bank 32,042.83 103 6.69%
3 Bank of America Merrill Lynch 28,820.43 84 6.02%
4 BNP Paribas 25,608.74 143 5.35%
5 Credit Agricole CIB 22,617.86 130 4.72%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 18,067.92 70 9.12%
2 Morgan Stanley 15,215.44 76 7.68%
3 UBS 14,195.29 55 7.17%
4 Citi 14,014.57 86 7.07%
5 Goldman Sachs 12,113.98 67 6.11%