2016-09-15 18:58

Funds Load Up on Risk as Crisis-Era Securities Make a Comeb ack

„Matton“ nuotr.
„Matton“ nuotr.
In a world of rock-bottom interest rates and negative bond yields, maybe it was bound to happen.

Products synonymous with the credit crisis like “collateralized debt obligations” and “synthetic securitization”

are returning as investors take on more risk while banks are forced by regulators to reduce it. One of Europe’s largest pension funds put itself first in line for losses on an 8.4 billion-euro ($9.5 billion) portfolio of corporate loans in exchange for a likely double-digit return, according to two people familiar with the matter.

52795
130817
52791