Goldman Sachs Group Inc. has told clients eager to short leveraged loans that a product it’s developing to bet against the $1.4 trillion market isn’t yet ready.
The bank had been pitching hedge funds on a total return swap — a type of derivative that would allow clients to profit from a loan’s price decline without ever owning the underlying debt. Investors are increasingly looking to make money from the sell off in software debt sparked by fears of AI disruption.
https://realnarrativenews.com/read/goldman-tells-clients-eager-to-short-loans-its-tool-isnt-ready/
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