The Lord Abbett Short Duration Income Fund increased its selling of credit protection to Deutsche Bank in the year to February 2018.
The German lender had $48 million notional in credit default swaps (CDSs) outstanding with the fund as of February 28, according to its quarterly schedule of portfolio holdings – known as Form N-Q – published on April 27, up from $30 million as of February 2017. Before then, the last time Deutsche had bought protection from the fund was in 2013.
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