Hedge funds generate more than 55% of US trading volume in liquid or “flow” derivatives with investment-grade ratings, and more than 80% in high-yield derivatives; more than 85% of US trading volume in distressed debt, nearly 55% of US trading volume in emerging-market bonds; and more than 40% of US leveraged loan trading volume.
In the liquid markets, hedge funds have been similarly expanding their trading activity, according to the report. In US government bonds, hedge funds are now the second-largest source of trading volume after investment funds/advisers, generating 30% of market volume.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
