Deutsche Bank Markets Fund Of Hedge Fund Certificate

  • 19 May 2003
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Deutsche Bank is in the process of marketing a structured product that gives German investors exposure to a fund of hedge funds. Johan Groothaert, global head of structured products sales and origination in London, said the product is novel because the firm is using FERI Trust, an independent German fund rater, to select the managed accounts. Jean-Marie Barreau, head of structured derivatives on managed assets in London, added that FERI will select funds with diverse strategies including long/short equity, market neutral, risk arbitrage and convertible arbitrage. The product is being sold primarily to family offices and high-net-worth individuals, Groothaert noted.

The certificate, called the DB Arix Transparent Strategy Certificate, is structured using swaps, which are put in place for tax and regulatory reasons, according to Groothaert. The certificate is not, however, capital protected and does not use leverage. The firm is planning to raise a few hundred million euros through the offering, he added.

  • 19 May 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 414,341.60 1584 9.03%
2 JPMorgan 377,311.36 1724 8.23%
3 Bank of America Merrill Lynch 358,416.32 1295 7.81%
4 Goldman Sachs 266,063.47 914 5.80%
5 Barclays 264,598.20 1056 5.77%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 44,979.63 190 6.72%
2 Deutsche Bank 37,019.66 134 5.53%
3 BNP Paribas 35,303.69 205 5.28%
4 JPMorgan 33,752.71 110 5.04%
5 Bank of America Merrill Lynch 32,865.23 106 4.91%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,398.41 104 8.72%
2 Morgan Stanley 18,608.72 99 7.25%
3 Citi 17,768.49 110 6.92%
4 UBS 17,372.80 70 6.77%
5 Goldman Sachs 17,228.66 97 6.71%