Hedge Fund Manager Plans Swaps Fund

  • 12 Mar 2001
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A U.S. fund manager is tentatively planning a fund that will gain market exposure solely via fixed-income swaps. The new fund would be managed by the same Pittsburgh-based professionals who run Lumin Asset Management, which advises equity fund Long Term Global Equities. An official close to Lumin said the fund will launch in about six months, pending legal and regulatory approval. The vehicle has not yet been named. The official declined to elaborate on what derivatives strategies the fund might use or why now is a good time to consider launching such a fund. The official said that an advantage of fixed-income swaps is that they provide access to fixed-income cash flows not directly available in the bond market.

The USD28 million Long Term Global Equities fund invests solely in cash equities.

  • 12 Mar 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 416,634.23 1594 9.03%
2 JPMorgan 379,647.36 1732 8.23%
3 Bank of America Merrill Lynch 359,625.73 1304 7.80%
4 Barclays 267,126.92 1079 5.79%
5 Goldman Sachs 267,110.09 921 5.79%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 45,314.03 193 6.64%
2 Deutsche Bank 37,536.19 138 5.50%
3 BNP Paribas 36,532.54 211 5.36%
4 JPMorgan 34,490.59 115 5.06%
5 Bank of America Merrill Lynch 33,700.87 110 4.94%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,398.41 104 8.66%
2 Morgan Stanley 19,092.40 102 7.38%
3 Citi 17,812.08 111 6.89%
4 UBS 17,693.89 71 6.84%
5 Goldman Sachs 17,256.05 98 6.67%