Pimco, Franklin Templeton affiliates top for Russia derivatives exposure

Counterparty Radar: Funds had biggest long exposures to Russia across credit, rates, FX at end of Q4

Russia exposure

US mutual funds Pimco, Western Asset Management and Legg Mason held the biggest net long exposure to Russia via credit, interest rate and foreign exchange derivatives at the start of the year, according to an analysis of US fund filings – positions that have been hit hard by sanctions and the country’s deteriorating credit outlook.

A long position is defined either as a net sold credit default swap position on the Russian state, a net interest rate swap position where the fund is receiving

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: