eSecLending says client auctions in 2012 represented some of the highest-revenue-generating auctions in the firms history.
eSecLending says it has reached nearly $3 trillion in assets auctioned since its inception.
We are thrilled with our auction performance in 2012 and the strong bids received for the 2013 dividend season, says eSecLendings Co-Chief Executive Officer, Chris Jaynes The breadth of borrower participation, demand for exclusives and overall outperformance against market benchmarks have all increased over the last year.
Jaynes says bright spots include U.S. small-caps, Asia-Pacific equities, high-yield bonds and European yield enhancement.
Jon Ottomanelli, managing director and head of Securities Lending at Citi, one of the participating borrowers in eSecLendings auctions, says: From a strategic perspective, in order to best service our hedge fund clients, it is very important for us to augment our supply with high quality assets. In this regard, eSecLendings auction process helps us achieve our goals in a transparent and efficient manner.
(CG)