Last July, Toby Nangle wrote an opinion piece for the Financial Times in which he warned that the British pension fund industry was at risk of margins calls on £1.5 trillion of liabilities hedged with so-called Liability Driven Investment trades.
The scenario described in his prescient piece became a reality last week after the British bond market fell into a so-called “doom loop” of margin calls on these LDI derivatives. The turmoil forced the ...
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше: