PGGM sees a chance to diversify with fourth-trigger CDSs

Dutch pension manager hopes bank demand will continue to grow for derivatives counterparty credit protection The small Dutch town of Zeist may seem an unlikely European centre for financial innovation. But Joost Hoogeveen, a senior portfolio manager on the credit risk-sharing team at PGGM, which calls Zeist home, hopes the pension fund manager can play a bigger role in the market for so-called fourth-trigger credit default swaps (CDSs).PGGM allocates €7 billion ($7.8 billion) of its €271 billion 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 print this content. Please contact info@risk.net to find out more. You are currently unable to copy this content. Please contact info@risk.net to find out more. Copyright Infopro Digital Limited. All rights reserved.You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.If you would like to purchase additional rights please email info@risk.net 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 If you already have an account, please sign in here. Most read articles loading... Back to Top