Morgan Stanley is said to have acquired the bulk of an €8.6 billion portfolio of complex credit derivatives from Natixis.
Natixis announced in July it had disposed of most of the complex credit derivatives exposure contained in its Gestion Active des Portefeuilles Cantonnés (GAPC) portfolio to a banking counterpart. Natixis has refused to name the buyer, but market sources claim it is Morgan Stanley.
The US bank also refuses to comment but is understood to have purchased the bulk of an €8.6 bill
The week on Risk.net, July 7-13, 2018Receive this by email