Thursday, June 7, 2007

Let the truth be known

Fitch highlights hedge fund risk to credit boom

Hedge funds are helping to fuel a global credit boom, but their growing influence on credit markets is likely to have negative consequences, a new report by Fitch Ratings has found.Such funds now account for almost 60 per cent of trading volumes in credit default swaps – derivatives that provide a kind of insurance against non-payment on corporate debt. The CDS market has more than doubled in the past four years, according to Markit, the data group.

Posted by chris @ 10:39 PM (393 views)
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