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Goldman pitches hedge funds product to bet against corporate loans, source says

GS
Derivatives & VolatilityCredit & Bond MarketsBanking & LiquidityProduct LaunchesInvestor Sentiment & Positioning

Goldman Sachs is pitching a new structured product to hedge funds that allows taking long or short positions on corporate loans. The offering could broaden access and leverage in the syndicated loan market and affect loan flows and spreads, but the report is preliminary and unlikely to move broad markets immediately.

Analysis

Goldman Sachs is pitching a new structured product to hedge funds that allows taking long or short positions on corporate loans. The offering could broaden access and leverage in the syndicated loan market and affect loan flows and spreads, but the report is preliminary and unlikely to move broad markets immediately.

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