Libor Zombies Pit Hedge Funds Against Banks, Insurers in High-Stakes Feud

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Insurance Journal - Aug 28, 2023

One of the most lucrative, and contentious, trades of 2023 has emerged in an obscure corner of financial markets, minting overnight profits for the hedge fund crowd of as much as 35%. The play: Load up on 1980s-era bank bonds …...

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