In The City


The buy side is still coming to terms with the radical changes in the European credit market over the past decade. Many traditional asset managers still have to work out how to best use derivatives, and many insurance companies (and their balance sheets) are still recovering from being early adopters of structured products.

On the other hand several new firms, such as Blue Mountain, Cheyne Capital Management and Cairn Capital, and one or two established firms (Axa, Henderson) have embraced deriv

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