While market staples Morgan Stanley Dean Witter and Lehman Brothers captured the No. 1 and No. 2 positions, respectively, in the commercial mortgage-backed securities manager league tables for 2000, many CMBS players last week felt that the rest of the rankings were "skewed" due to the fact that the newly merged J.P. Morgan/Chase and Credit Suisse First Boston/Donaldson, Lufkin and Jenrette were each considered one unit in the latest volume underwriting rankings.
The extra manpower and combined efforts afforded to each of the merged entities landed JPM/Chase in the No. 3 slot and CSFB/DLJ in the No. 4 slot for CMBS, according to year-2000 data from Thomson Financial Securities Data.