High-Yield Managers Lured By Hedge Fund

London-based Morley Fund Management has lost its principal high-yield bond fund manager, Andre Mazzella, to hedge fund CQS Management in London.

  • 29 Apr 2005
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London-based Morley Fund Management has lost its principal high-yield bond fund manager, Andre Mazzella, to hedge fund CQS Management in London. Mazzella could not be reached and Michael Hintze, ceo of CQS, referred calls to a spokesman who declined comment.

Mazzella's departure follows that of Chris Higham, credit analyst at Morley, who is due to join London-based Old Mutual Asset Managers in June in the same role. Old Mutual is planning to launch a fixed-income hedge fund later this year, according to Higham.

At Morley, Mazzella reported to Paul Mingay, head of corporate credit investments. Mingay said managers of other Morley funds that include high-yield investments will pick up Mazzella's responsibilities for now but noted Morley is planning to replace both Mazzella and Higham.

  • 29 Apr 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%