SOURCE: Institutional Investor

Institutional Investor

September 01, 2009 08:35 ET

Lehman Boost Propels Barclays to No. 1 in Institutional Investor's All-America Fixed-Income Research Team

Four of the Top Five Firms Had Their Ranks Bolstered by Mergers or Government-Backed Acquisitions as Institutional Investor Release Results of the All-America Fixed-Income Research Team

NEW YORK, NY--(Marketwire - September 1, 2009) - In Institutional Investor's exclusive annual All-America Fixed-Income Research Team survey, money managers said analysts at Barclays Capital provide the most insightful coverage of the beleaguered credit markets.

Full results of The All-America Fixed-Income Research Team are available online at www.iimagazine.com.

The London-based bank got a big boost last fall when Barclays acquired the North American assets of Lehman Brothers Holdings, the legendary Wall Street outfit felled by overexposure to subprime-related assets. Lehman had been ranked No. 1 in the survey for nine straight years, through 2008, and many of the Lehman analysts were added to BarCap's roster. The firm wins 46 total team positions in the 2009 survey; last year, as independent entities, BarCap and Lehman captured a total of 55 positions.

In second place is J.P. Morgan, which got its own boost from the government-backed acquisition of Bear Stearns Cos. The firm nabs 42 total positions, six more than last year.

Banc of America Securities, strengthened by its government-sponsored acquisition of Merrill Lynch & Co., takes third place, with 34 positions.

The only firm in the top five that hasn't been involved in a merger or acquisition is Goldman, Sachs & Co., in fourth place with 22 positions. Wells Fargo & Co.'s December merger with Wachovia Corp. vaults Wells Fargo Securities into the top five for the first time; the firm, with 14 positions, finishes in fifth place.

Institutional Investor's18th annual All-America Fixed-Income Research Team is based on responses from more than 1,600 money managers and buy-side analysts at some 560 institutions managing an estimated $11.5 trillion in U.S. fixed-income assets.

The complete list of winning firms and analysts in The All-America Fixed-Income Research Team can be found on our web site, www.iimagazine.com.

For more information about The All-America Fixed-Income Research Team, please contact Alyssa Walker at awalker@iiresearchgroup.com or +1 212-224-3677.

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