Mid East Bank Plans Equity Hedge Fund

  • 02 Jul 2001
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Gulf International Bank is planning to launch a U.S. long/short equity hedge funds that will use over-the-counter derivatives. Mohab Mufti, head of financial markets in London, said it expects to launch the fund in September. David Bailey, funds product manager in London, added that the fund will be permitted to write covered calls and puts and sell options to capture premium after periods of excessive volatility. Bailey expects the fund to manage USD20 million.

GIB is launching the fund as part of an ongoing process to develop its alternative investment product range in response to customer demand and as an attempt to leverage off the bank's proprietary trading activities. The bank already has a U.S. and European high-yield fund, an emerging markets fund, a relative value equity fund and a futures and foreign exchange fund. Bailey said none of the existing funds use OTC derivatives. The funds vary in size from USD23-USD100 million.

  • 02 Jul 2001

All International Bonds

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1 Barclays 20,041.00 34 7.66%
2 Citi 18,215.95 71 6.97%
3 JPMorgan 16,098.67 49 6.16%
4 Goldman Sachs 15,821.46 36 6.05%
5 HSBC 15,568.27 47 5.95%

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Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 48,528.41 214 6.32%
2 Deutsche Bank 44,075.51 161 5.74%
3 BNP Paribas 41,452.79 240 5.40%
4 JPMorgan 37,278.65 134 4.85%
5 SG Corporate & Investment Banking 36,258.27 187 4.72%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 1,607.28 5 28.64%
2 Credit Suisse 1,301.65 4 23.20%
3 BNP Paribas 522.35 4 9.31%
4 SG Corporate & Investment Banking 444.17 3 7.92%
5 Morgan Stanley 331.78 2 5.91%