PGIM nearly eliminates credit options book
Counterparty Radar: Pimco also exits space in Q2 as US funds show record low positions in the instrument
PGIM slashed its credit options positions in the second quarter, leaving US mutual and exchange-traded funds with their lowest holdings of credit options in more than three years.
Prudential’s asset management arm remained the largest credit options holder among US funds, a position it has held uncontested since Pimco turned away from the derivatives instrument last year. After posting just one
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