Anchorage Capital Preps New Funds

Anchorage Capital Group, a New York-based hedge fund run by former Goldman Sachs bank debt honchos Kevin Ulrich and Tony Davis, is prepping two new funds for launch in October.

  • 10 Sep 2004
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Anchorage Capital Group, a New York-based hedge fund run by former Goldman Sachs bank debt honchos Kevin Ulrich and Tony Davis, is prepping two new funds for launch in October. The funds are named Anchorage Crossover Credit Fund, a long/short credit fund and Anchorage Short Credit Fund, a short credit fund, according to a Goldman Sachs prime brokerage document.

Mike Aglialoro, who joined from Scotia Capital earlier this year (LMW, 5/28), will manage the crossover fund, which will invest in lower-tier investment grade and higher-tier non investment grade issuers. The fund will invest in bank debt, credit derivatives and bonds, on both a long and short basis. Aglialoro was previously global head of loan portfolio management at Scotia, responsible for the bank's corporate loan portfolio as a well as a proprietary portfolio of investments in loans, credit derivatives and bonds.

The firm's first fund was launched over a year ago and seeded by Reservoir Capital Group. Ulrich was out of the country, "on his honeymoon," according to an Anchorage official and did not return messages. Davis did not return calls. Ulrich previously ran Goldman's proprietary distressed bank debt desk and distressed bank debt trading. Davis was head of bank debt research at Goldman and was previously co-head of the firm's distressed bond business until fall 2002.

  • 10 Sep 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 %
  • Last updated
  • Today
1 Citi 129,591.43 378 11.13%
2 Bank of America Merrill Lynch 103,866.05 303 8.92%
3 JPMorgan 102,412.09 297 8.79%
4 Wells Fargo Securities 92,651.83 270 7.96%
5 Credit Suisse 76,251.01 205 6.55%