Insight pushes ahead with plans to re-plumb repo
Investment manager says non-bank repo now makes up a tenth of its book
Insight Investment is pushing forward with plans to ease pressure on repo trades for pension clients, even though other buy-side firms say those pressures are easing. A tenth of the firm’s repo book now comes from non-bank sources, up from 4% at the same time last year.
The UK’s second biggest liability-driven investment manager, with around £230 billion ($312 billion) in mandates in 2016, Insight has spent the past two years discovering how to be less reliant on banks for repo. While other LDI
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