Buyside Shouldn't Copy Sellside Risk Management, Says Pro

Buyside firms, such as hedge funds, have different risks to their sellside counterparts and therefore shouldn't adopt the same control orientated risk management policies, according to Richard Bookstaber, president of Scribe Reports.

  • 27 Jun 2004
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Buyside firms, such as hedge funds, have different risks to their sellside counterparts and therefore shouldn't adopt the same control orientated risk management policies, according to Richard Bookstaber, president of Scribe Reports.

Bookstaber noted that broker/dealers firms have more complex risk considerations, including more leveraged portfolios, and often have management without direct trading experience so need a strict control-based risk management strategy. On the other hand, hedge funds typically have more experienced staff who better understand the risks of the trade so do not need controls that are as rigid.

  • 27 Jun 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 242,241.25 929 8.19%
2 JPMorgan 223,842.40 997 7.57%
3 Bank of America Merrill Lynch 216,424.41 725 7.32%
4 Barclays 185,098.93 672 6.26%
5 Goldman Sachs 159,205.64 520 5.38%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 32,522.19 61 6.53%
2 BNP Paribas 32,284.10 130 6.48%
3 UniCredit 26,992.47 123 5.42%
4 SG Corporate & Investment Banking 26,569.73 97 5.33%
5 Credit Agricole CIB 23,807.36 111 4.78%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.81%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%