Anchorage and BlueMountain lead group seeking to revamp CDS indices

Credit hedge fund managers Anchorage Capital and BlueMountain Capital Management are among a group of investors lobbying for an overhaul of CDS indices

Comment by: Anonymous. Posted 8 years ago [2015-06-09 15:46:57]

Regulators, are you reading this?? How do u like them APPLs??

Comment by: Anonymous. Posted 8 years ago [2015-06-09 15:36:34]

no more whiskey for this man, plz

Comment by: Anonymous. Posted 8 years ago [2015-06-09 14:51:18]

Been the talk for some while but what's the benefit and who's it for? Investors of AAPL debt? Why not trade single name AAPL...hedge your position there? No one is hedging in the single name market for AAPL because no one wants to buy AAPL protection - its an absolute waste (for the time being). And its somewhat of an absolute waste to link anything to the absurdly mis-priced bond market. What was needed was intelligent regulatory reform - what we got was a disaster. The SEC has done NOTHING as it relates to CDS market reform stemming from Dodd-Frank. The result, lost jobs and economic growth. See when a bank loans money to a company, the bank used to be able to easily hedge that risk with single name CDS, appropriately receive a capital offset and as a result, lend more to other corporations stirring the pot of economic activity. Perhaps Elizabeth Warren, Barak Obama, Barney Frank, Chris Dodd, Paul Volker and Mr. Absent Chuck Schumer would like to completely stop banks from lending in addition to everything else? Perhaps NYC needs more burger flippers and minimum wage workers. The banks can be forced to layoff everyone, democrats can blame the banks for the country's woes in order to win votes from minimum wage workers who they crap on and as a country we can muddle through -1.5% to 1.5% GDP growth for the next 50 years. Or perhaps a better solution would be to peg the most liquid credit derivative instrument in the world to bonds that don't trade issued by reference entities that people don't hedge in a market where a 70 year old woman named Janet Yellen is pricing risk for every corporate and sovereign borrower around the globe.