Not for the faint-hearted
FEATURE: CREDIT DERIVATIVES
The number of hedge funds trading credit derivatives as a source of alpha is growing. But as Stewart Eisenhart reports, trading complex credit instruments is not for the average hedge-fund manager, while the costs of the supporting technology is often prohibitively expensive
Hefty inflows of investor capital and the rise of more liquid trading instruments have paved the way for hedge-fund forays into the farthest corners of the financial markets. In the case of credit markets, long the
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