JPMorgan Chase & Co. and Lehman Brothers Inc. tied for firstplace for the quality of their U.S. fixed-income investmentservices in a new Greenwich Associates survey of 1,300institutional investors. That stellar attention to detail no doubthelped both of them also win–again in a tie–the No. 1 spot inmarket share as well.
|Deutsche Bank, Goldman Sachs Group and Banc of AmericaInvestment Services took third, fourth and fifth placerespectively, in terms of market size. When it comes to service,Deutsche and Goldman Sachs shared the third-place slot.
|The survey also revealed that hedge funds are the most importantfocus for fixed-income dealers. Lehman Brothers has built up thebiggest share in this segment, followed by Deutsche and JPMorgan,which are essentially tied for second place. Hedge funds also givethe highest scores for service to Lehman and JPMorgan, followed atsome distance by the Credit Suisse First Boston, Bear Stearns,Deutsche and Goldman Sachs in a four-way tie, says Dev Clifford,Greenwich Associates managing director.
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