Latest on 投資
New CLO charges for insurers miss tail risks, critics say
Revisions to US capital rules underestimate correlations within loan pools and across CLO portfolios, some argue
Ucits funds ramped up macro trades in latest data
Counterparty Radar: FX forwards and rate swaps set records last year, with inflation and index CDS books also booming
Citadel, Millennium lead US funds to JSCC as JGB yields soar
Ten US funds represent 25% of client-cleared yen swaps at Tokyo CCP after CFTC relief
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Quotes
How does a creature with a few hundred thousand neurons compared to the 87 billion neurons that humans have, make decisions so differently?
Charlie Drew, Swarm Technology, on what investors can learn from ants
There’s a lot of stuff that can happen in the marketplace that just can’t happen at a poker table
Todd Simkin, Susquehanna, on using game theory in trading
[Pensions] advisers were quite quick to push private assets. [Some schemes] are probably ruing those decisions.
Pavan Bhardwaj, Ross Trustees
Editor's Choice
Stablecoins: good as the buck, or breaking the buck?
Collateral concerns and iffy auditing have raised fears of a ‘de-pegging’ event – and possible contagion across crypto and beyond
Big Figure
Libor mismatch stings CLO investors
The basis between one-month and three-month US dollar Libor widened from 11 basis points to an average of 71bp during November. Distributions for CLO equity tranches, whose holders only receive payment once more senior debt holders are paid, reached their lowest since the onset of the Covid-19 pandemic.
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How to stop stablecoins from hoarding precious collateral
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Our Take
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