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Fund manager exposed to derivatives bet of at least $1.1bn and holds $1.5bn of sovereign bonds
Debt has collapsed in value but sanctions mean insurance-like products may not pay out
Cost to protect against default rises as western allies seek to cut Moscow’s access to foreign markets
Legal threat will probably have intended chilling effect on the most aggressive hedge funds
Derivatives designed to insure against default prove worthless
Credit default swap prices tumble as lawmakers discuss aid package and vaccine nears
‘Gambling’ bets placed under watch of Cardinal Becciu, who was forced to resign last month
Market participants report just a handful of early trades in index designed to hedge exposures
Central bank stimulus cannot defy the financial laws of gravity governing defaults
Investor denies CNBC interview was designed to increase profits on his $2.6bn credit bet
Investors race to protect themselves as coronavirus threatens companies’ creditworthiness
Perceived risk of a wave of defaults rushes higher
Investors are assured that dovish central banks will keep money flowing freely
Credit default swaps added angst to fraught attempts to rescue UK travel group
Restructuring of UK-based tour operator is complicated by debt derivatives
A better solution might lie in regulation, imperfect as this often is
Countries that perform well on ESG metrics are viewed by investors as less likely to default
Collapse of French retailer’s parent exposes hedge funds’ clever-clever strategies
New derivatives make it less costly to hedge against doing business with German lender
Industry buffs up code as regulators voice concerns over sharp practices
Trade body’s remedies akin to patching software after hackers expose weaknesses
Reform is necessary but hedge funds are always a step ahead
Powerhouse banks and money managers to draft rules to discourage defaults
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