Some sovereign debt chiefs are warming up to the growing footprint of hedge funds in government bond markets, casting these investors as potentially beneficial participants rather than a source of risk.
The heads of the Canadian, German and Italian government debt offices said the more active role now being played by hedge funds is benefiting liquidity and market functioning. The remarks, at the FT Global Bond Summit in London on Tuesday, follow recent concerns from various regulators about the risks to financial stability from leveraged hedge fund strategies.
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