Halcyon Taps Goldman Special Situations Pro

Halcyon Management Co., a $2.5 billion hedge fund, has nabbed Steven Mandis from Goldman Sachs to be its vice chairman and cio for its special credit and select opportunity strategies.

  • 15 Oct 2004
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Halcyon Management Co., a $2.5 billion hedge fund, has nabbed Steven Mandis from Goldman Sachs to be its vice chairman and cio for its special credit and select opportunity strategies. Mandis will focus on credit arbitrage and will be originating and acquiring a diversified portfolio of high-yielding debt of middle-market companies and undervalued investments. "We wanted to expand in that area," said Herbert Adler, managing principal.

The position was created to expand on products that are not offered by dealers. "We will be calling people directly and structuring things that are more complicated," said Mandis.

At Goldman Sachs, Mandis was a portfolio manager in the bank's special situations investing group, a multi-billion dollar proprietary credit investing area within the fixed-income, currency and commodity division. A Goldman spokesman did not return a call.

  • 15 Oct 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 130,254.20 381 11.03%
2 Bank of America Merrill Lynch 104,440.37 307 8.85%
3 JPMorgan 103,862.77 304 8.80%
4 Wells Fargo Securities 93,728.92 276 7.94%
5 Credit Suisse 76,912.30 210 6.51%