Isda fallback protocol sees healthy take-up
Some hedge fund holdouts remain amid 12,000 signatories
A key protocol designed to automatically transition legacy Libor contracts to new risk-free rates (RFRs) went live on January 25 with more than 12,000 signatories.
Amid the extensive adherence, however, there are some notable holdouts from the world’s largest asset managers and hedge funds. Missing from the list are Blackstone, Affiliated Managers Group, Federated Investors, Geode Capital Management and Citadel. Tudor Asset Management and Element Capital Management also do not appear on the
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