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Goldman delays launch of hedge fund loan-shorting tool

hedgeweek

4 months ago

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Goldman Sachs has informed hedge fund clients that a planned product designed to facilitate short positions in the leveraged loan market is not yet ready for rollout, despite growing investor interest, according to a report by Bloomberg.
The bank has been developing a total return swap structure that would allow hedge funds to take bearish positions on leveraged loans without directly holding the underlying assets. However, according to sources familiar with the situation, the initiative has bee...

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