Morgan Stanley bests Goldman as top US fund single-name CDS dealer
Counterparty Radar: Single-name corporate volume hits record high as Pimco increases positions
Morgan Stanley jumped ahead of Goldman Sachs as the largest single-name credit default swap (CDS) dealer to US mutual funds, posting its largest position on record with the client sector.
The bank increased its market share to 17.5% in the fourth quarter, up from 13.4% a year earlier, due to larger positions with Pimco and Goldman’s decline with Eaton Vance, which pared back its non-corporate CDS
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