PGIM pares back long-bond options bets

Counterparty Radar: Barclays benefits from manager’s Q3 portfolio changes

Trimming-long-bond-bets

Despite growing its credit options portfolio in the third quarter, PGIM nearly halved the long-bond positions it had established through the product, an analysis of the manager’s second- and third-quarter books shows.

The investment management arm of Prudential added $4.2 billion notional to its credit option positions – an 8% increase from its second-quarter total – driving most of the growth in total credit option positions from US mutual funds and exchange-traded funds. The sector saw its

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here