Pushing the boundaries

Credit Funds


The credit derivatives market has always liberally borrowed product ideas from the equity and interest rate derivatives markets. One of the more recent manifestations of this trend has been the move by credit structurers into fund derivatives. The result so far has been an impressive array of creative offerings.

"We are at the frontier of two businesses at the moment, and there is something of a grey area between them," says Marc Pantic, director and credit structurer with Societe Generale Co

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