Lord Abbett turns to Deutsche for CDSs

German lender increases share of fund's CDS portfolio

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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