Convertible Manager To Start Credit Hedge Fund

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  • 07 Apr 2003
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Lydian Asset Management, a Westport, Conn. asset manager with $1 billion in assets that has chiefly invested in convertible bonds, is looking to start a credit hedge fund. Volatility in the credit markets and a declining default rate have created an environment in which a credit fund with a high level of expertise and flexibility can flourish, says Ken Goldberg, a former high-yield technology analyst at Merrill Lynch, who joined Lydian earlier this year as a managing director. Goldberg and John Georgantas lead a research team of five people, all of whom report to David Friezo, managing principal of the firm. The fund will take long and short positions in high-yield, high-grade and convertible debt as well as derivatives, says Goldberg.

  • 07 Apr 2003

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 10.72
2 Bank of America Merrill Lynch (BAML) 6,901 20 10.32
3 JP Morgan 4,776 10 7.14
4 Credit Suisse 4,718 9 7.05
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  • Last updated
  • 24 Oct 2016
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2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%