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 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%