Managers roll maturities on Main names

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By Hazel Sheffield
03 Apr 2014

German asset managers are rolling credit default swaps on single names in the iTraxx Main into longer dated maturities to gain from the steepness of the curve.

Michael H√ľnseler, head of credit portfolio management at Assenagon in Munich, told GlobalCapital that they have rolled positions up the curve on some single names by one year into six or seven year expiries because of the steepness of the curve. Longer maturities such as ten years are less attractive ...

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