Risk officers warn on crowded trades
Distress in the financial markets was partly caused by the concentration of money chasing too few trading ideas, according to a panel of chief risk officers at this year's annual Risk USA conference in New York.
"People don't realise that one of the main factors that contributed to this period's recent stress was the crowded trade and the lack of liquidity for a particular trade once everyone gets out of the same trade," said Madelyn Antoncic, chief risk officer at Lehman Brothers in New York.
She
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