Veteran CMBS PM Joins Shop In Richmond

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  • 02 Jun 2003
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Patton Roark, a longtime portfolio manager of commercial mortgage-backed securities based at the AFL-CIO Housing Trust in Washington D.C., has joined the Richmond Capital Group in Richmond, Va., where he will be part of a team of nine PMs, responsible for helping manage $4.5 billion. Roark says the firm focuses on a variety of fixed-income strategies, including a core bond product and a shorter-duration fund. He adds that he likes the challenge of integrating corporate credit into his investing approach, after having focused on agency mortgage-backed paper for so long. Roark says the firm also recently added Paul Lundmark from USAA Bond Funds, who will also be a portfolio manager.

At the AFL-CIO Housing Trust, where he worked for nearly 10 years, Roark was responsible for helping manage $3.5 billion. He says the AFL-CIO fund was ranked the third best performing over the last five-years, according to Pensions & Investments, and that it came in second in 2002. He reported to CEO Steve Coyle at the housing trust. Coyle did not return a phone call seeking comment on Roark's successor.

  • 02 Jun 2003

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 %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%