Eurozone hedge funds saw derivatives asset holdings spike by almost 28% to €91.9 billion ($103 billion) over the three months to end-March.
It’s the largest amount they have reported since August 2016, when derivatives asset values hit €95.6 billion.
These instruments accounted for 16.3% of total hedge fund assets at end-March, up from 13.7% in December 2018 and 13.9% a year ago. In August 2016, they accounted for 17.5% of total assets.
Investment fund units made up the largest share of