Bear Stearns Adding Risk Controls

  • 03 Jul 2007
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Following a shakeup within a couple of its prominent hedge funds, Bear Stearns will be looking to add risk controls within its asset management division, reports The Wall Street Journal. The firm will be adding risk managers to its asset-management division. The company will likely also be asking the risk-management team within its asset management unit to report to Michael Alix, the parent company’s chief risk officer.

The moves come on the heels of Bear’s hiring of Jeffrey Lane, a former vice-chairman at Lehman Brothers, on Friday to lead the asset-management unit. Lane started work on Monday, and is likely to offer additional tweaks to the company’s management structure.

Bear Stearns Asset Management has been suffering lately as its High-Grade Structured Credit Strategies Fund and High-Grade Structured Credit Strategies Enhanced Leverage Fund have been losing significant value amidst weakness in the subprime mortgage bond sector.

Click here to read The Wall Street Journal story

  • 03 Jul 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,723.52 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%