Andy Constan
@dampedspring
DampedSpring active macro & beta @2Graybeards for beta. Both for investor education, Brevan Howard, Bridgewater, Salomon, Dad of 4. Go Penn, No tweet is advice
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http://www.dampedspring.com 25-06-2013 17:12:29
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Joseph Wang Nick G. Michael Kao Vincent Deluard Nicholas Glinsman Bob Elliott Cem Karsan 🥐 No that is the wrong synthesis of LDI. British Pension schemes were structured to have no leverage overall but the LDI had lots of leverage and the pension fund wrapper couldn't provide mark to market collatarel quickly. BOE provided a 2 week "circuit breaker". Plus the fiscal