In the summer of 2005, Daniel von Borries, the chief investment officer of Ergo, was given a heavy responsibility - the execution of the world's biggest ever swaption hedge. Faced with such an unfamiliar product with inevitable market impact given the EU^R12.5 billion size, some would have hesitated. But von Borries showed nerves of steel. "If you make a strategic decision, you should execute immediately. There is no reason to wait. And so we did it."
Von Borries' strong nerves are likely to come
The week on Risk.net, July 14–20, 2017Receive this by email