Goldman gobbles up credit options
Counterparty Radar: Q1 surge comes as US mutual funds and life insurers pile into index CDSs
Goldman Sachs was the counterparty to almost half of the $47.7 billion in credit options reported by US mutual funds and exchange-traded funds in the first quarter of this year – a jump in market share from the 29% recorded in the prior quarter’s filings.
Ranked by notional, Deutsche Bank was the only other member of the top 10 dealers to see a quarterly increase, with Barclays, BNP Paribas, Citi
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