Hedge Fund News From HedgeCo.Net

Hedge Funds Score Big Win As North Korea Nuclear Risk Is Raised

(CNBC) An obscure safety trade against fallout from a North Korean nuclear attack leaped Wednesday to its highest in more than a year. Hedge funds bought South Korea’s five-year credit default swap, sending the cost of protection against the country’s inability to pay back loans up 8.63 percent to 62.74, its highest since June 2016. As of August 2016, S&P had an AA credit rating and a stable outlook for South Korea.

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