A EUR 15 billion bond manager says it’s too late to hedge risk

If you didn’t already start hedging against the risk of a deep sell-off in credit markets last month, don’t bother now.
Beer maker Heineken was one of a total of nine issuers marketing bonds in Europe on Wednesday. | Photo: Martin Lehmann
Beer maker Heineken was one of a total of nine issuers marketing bonds in Europe on Wednesday. | Photo: Martin Lehmann
By Leo Laikola / BLOOMBERG

Ville Talasmaki, who helps manage about EUR 15 billion of credit investments for Finnish financial group Sampo Oyj, says the warning signs had been plain for a while.

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