Hedge Funds Picking Up Pieces Of Distressed Credit Market

  • 31 Jul 2007
Email a colleague
Request a PDF

As the credit market falters – hedge funds have begun to swoop in for the remaining pieces, reports The New York Times. Following Citadel Investment Group’s pickup of Sowood Capital Management, Silver Point Capital is seeking to raise opportunistic funds. Marathon Asset Management is also planning a new fund which would buy slumping mortgage assets. “The meltdown in the subprime mortgage market has been absolutely stunning, and given this significant opportunity, Marathon has decided to roll out this fund,” Marathon’s President Bruce Richards reportedly said in a letter sent to clients.

Click here to read the story from The New York Times

  • 31 Jul 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,126.76 346 12.85%
2 Bank of America Merrill Lynch 99,988.41 288 10.70%
3 Wells Fargo Securities 88,516.28 265 9.47%
4 JPMorgan 69,113.88 208 7.39%
5 Credit Suisse 51,313.00 155 5.49%