BlackRock bucks trend in shrinking IRS market for Ucits
Counterparty Radar: Pimco boosts pay-fixed book by $27.5 billion in H1 2024
BlackRock’s Ucits funds added $3.6 billion in new interest rate swaps positions during the first half of last year, going against the trend in the broader market that saw most managers cutting from their books.
The notional increase boosted the value of the US behemoth’s holdings by about 21% to roughly $21 billion, solidifying its position as the second-largest in the space behind that of Pimco.
T
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