Shift to private, consumer ABS to hedge recession risk

Opinions on the likelihood and timing of the next recession were divergent at this year’s SFIG Vegas conference, but speakers on a panel on Monday morning said that they are positioning for the downturn by moving into private deals and consumer ABS assets.

  • By Max Adams
  • 26 Feb 2019
The panel was a real-time example of the range of views on the state of the US economy, and speakers did their best to outline the host of mixed economic signals and interpret them for the audience. On the one hand, the strength of the consumer was ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,347 16 16.63
2 BNP Paribas 2,866 11 10.96
3 Morgan Stanley 2,420 6 9.26
4 Goldman Sachs 2,276 6 8.71
5 Bank of America Merrill Lynch (BAML) 2,086 9 7.98

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 58,985.44 193 10.63%
2 JPMorgan 51,597.56 153 9.29%
3 Wells Fargo Securities 41,996.86 122 7.56%
4 Bank of America Merrill Lynch 41,491.72 136 7.47%
5 Credit Suisse 38,293.55 120 6.90%