Vranos Looking To Fund $750 Million Fund

  • 23 Jul 2007
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Michael Vranos, founder of Ellington Management is looking to raise $750 million to fund a subprime mortgage fund called Ellington Financial, reports The New York Times. The search for funding comes as several hedge funds with subprime exposure have closed shop or had to cease redemptions.

At least part of the offering will invest in equity residuals issued by New Century Financial, which went bankrupt in April. Vranos currently manages $5.4 billion in hedge funds, $1.2 billion in managed accounts and $23 billion in collateralized debt obligations.

Click here to read the story from The New York Times (subscription required)

  • 23 Jul 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%