J.P. Morgan debuts in second place. The London-based foursome is directed by Nitin Dias and Stephanie Renegar, who also co-lead No. 2 teams in High-Yield Basic Materials and High-Yield Manufacturing/General Industrials, as well as a runner-up crew in Investment-Grade Basic Materials. In July the analysts urged clients to buy Faurecia 8.75 percent 2019 senior unsecured notes, at 96.75 percent of par. The securities were a bargain, they believed, owing to the French auto-parts maker’s fixed cost base and likely market share gains. In mid-January the notes were trading at 110 percent of par — and the buy recommendation still stands. “They’ve helped us make money,” cheers one New York–based money manager. — Ben Mattlin |