For the second quarter in a row, Salomon Smith Barney owned the No. 1 spot in the manager league tables, with close to $11 billion in proceeds for the quarter, $19 billion year-to-date (includes U.S. public and Rule 144A transactions), according to preliminary figures provided by Thomson Financial Securities Data.
Interestingly, fifth-place bank Merrill Lynch, which at $8 billion was the second most active firm in 2Q2000, was way back at spot No. 11 at the end of the first quarter. Lehman Brothers, at $13.5 billion, swapped third for second place with Credit Suisse First Boston, which brought in $12.4 billion in year-to-date proceeds. Morgan Stanley Dean Witter, at $12.1 billion, was just behind CSFB for the No. 4 spot, up one notch from 1Q2000.