Hedgeweek) Hedge funds including FourSixThree Capital and Diameter Capital have been buying swaps insuring Credit Suisse’s subordinated bonds believing that the controversial decision to write down the bank’s AT1 securities as part of its takeover by rival UBS could trigger a payout of the derivatives contracts, according to a report by Bloomberg.
FourSixThree and Diameter bet on Credit Suisse CDS payout
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