After a lackluster performance last year, UBS Warburg is showing its might in the 2001 RMBS league tables.
UBS placed No.1 in the third quarter RMBS manager activity rankings for both agency and non-agency, according to the most recent league table results from Thomson Financial. Outpacing stalwart Bear Stearns & Co. Inc., UBS Warburg, with a 16.5% market share, sold $16.536 billion in proceeds.
Bear Stearns, on the other hand, which came in with a 16% market share, completed $16.047 billion in proceeds.
In the year-to-date rankings, Bear Stearns remains on top with $46.014 billion (15.8% market share), though UBS is not that far behind with $41.452 billion (14.3% market share).
Both managers have leaped from where they were last year for rankings covering the same time period.
Bear Stearns was only No. 3 in the 2000 third quarter year-to-date totals. Significantly more notable is UBS's …

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