PE, Equity Hedge Funds Buy iTraxx On LBO Loan Fears
Private equity firms and equity hedge funds have been buying protection on mezzanine and super-senior tranches of the Markit iTraxx Main, an index of European investment-grade corporate credit default swaps, to take position for defaults on leveraged buyout loans maturing in 2013 and 2014.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
