Convertible Manager To Start Credit Hedge Fund

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  • 07 Apr 2003
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Lydian Asset Management, a Westport, Conn. asset manager with $1 billion in assets that has chiefly invested in convertible bonds, is looking to start a credit hedge fund. Volatility in the credit markets and a declining default rate have created an environment in which a credit fund with a high level of expertise and flexibility can flourish, says Ken Goldberg, a former high-yield technology analyst at Merrill Lynch, who joined Lydian earlier this year as a managing director. Goldberg and John Georgantas lead a research team of five people, all of whom report to David Friezo, managing principal of the firm. The fund will take long and short positions in high-yield, high-grade and convertible debt as well as derivatives, says Goldberg.

  • 07 Apr 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%