Funds Tap Novel Cross-Asset Dispersion Structures
Hedge funds have been buying novel cross-asset dispersion structures on the S&P 500 and euro/U.S. dollar, playing the view the underlyings will both stay range bound. The thinking is sovereign debt concerns in Spain and Italy will be cleaned up by the European Central Bank, resulting in little to no risk of a tail event coming out of Europe.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: