Institutional Investor published its survey results for top structured securities research firms of 2008,
with JPMorgan again taking the cake. Lehman Brothers and UBS follow closely in 2nd and 3rd respectively, with Citi a distant fourth. Credit Suisse and Merrill tied for fifth.
In the product-specific rankings, JPM held firm or improved in all of CMBS, CDOs, ARM and prepayment MBS research categories. On the CDO front, UBS's research, led by Doug Lucas, moved up into 2nd place from 3rd in 2007. JPMorgan's Chris Flanagan, Kedran Garrison and team retain top spot. For the rest of the breakdowns, see Institutional Investor.