Greg Sadler, Financials Credit Trader at CQS, sees opportunity in European banking complexity. CQS: Bank capital securities have less risk than reputation suggests Writing in the hedge fund’s CQS Strategy Perspectives letter sent to investors, a copy of which was reviewed by ValueWalk, Sadler draws the conclusion that bank capital securities have really less risk than their reputation suggests and that complexity has created wide relative value trading spreads. Prior to 2007, Sadler notes, bank capital securities were seen as a low risk, low volatility asset class, “which enjoyed implicit government support but offered low yields.” Then losses arising from…
CQS Sees Value In EU Bank Regulation Complexity
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.