KBC Rebuilds Hedge Fund Arm

KBC Alternative Investment Management has been hiring over the last few months and has close to doubled headcount on a year ago.

  • 15 Sep 2006
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KBC Alternative Investment Management has been hiring over the last few months and has close to doubled headcount on a year ago. For example, it has increased its equity volatility trading force to five traders after losing its existing pair--Steve Kelso and Paul Jones--to Old Mutual Asset Managers in the spring. Carlo Georg, cio in London, and previously head of trading at KBC Financial Products, said the majority of the additions transferred from KBC FP's prop trading group. He declined to name the traders.

The spree was launched as the group started to turn around its returns, after suffering from redemptions last year. Ranked eighth in Alpha magazine's Europe hedge fund rankings at the start of last year, it had slipped to 27th at the start of this year.

Georg said KBC AIM has since been recording good returns. He declined to specify returns or comment on assets under management but said the group is now thinking about expanding its funds. "There are a lot of plans for where we are going," he said, adding KBC has been talking with investors about these plans, declining to give details.

  • 15 Sep 2006

All International Bonds

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1 Citi 20,521.83 80 6.93%
2 Barclays 20,382.90 37 6.89%
3 JPMorgan 18,760.94 72 6.34%
4 Goldman Sachs 17,444.96 41 5.89%
5 BNP Paribas 16,525.22 36 5.58%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 48,528.41 214 6.32%
2 Deutsche Bank 44,075.51 161 5.74%
3 BNP Paribas 41,452.79 240 5.40%
4 JPMorgan 37,278.65 134 4.85%
5 SG Corporate & Investment Banking 36,258.27 187 4.72%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 1,607.28 5 24.01%
2 Credit Suisse 1,301.65 4 19.45%
3 UBS 970.80 3 14.50%
4 BNP Paribas 522.35 4 7.80%
5 SG Corporate & Investment Banking 444.17 3 6.64%