Is Gordian Knot finally facing its Waterloo?
Sigma Finance Corp, the $37bn structured investment vehicle managed by Gordian Knot, has fought its way out of several ambushes since the credit crunch began — so far, the King of SIVs is still standing. But now its senior ratings have been cut by Moody’s and Standard and Poor’s. Is this the end of the road for Sigma?
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