“Bankruptcy Reform Offers Derivatives a Wider Net” – Banking Insider

Excerpt:  Allowing traders to cross-product net is also an important part of the proposed law since it has become a common practice in the growing hedge fund industry, says Lauren Teigland-Hunt, managing partner of Teigland-Hunt & Associates in New York and a representative of the Managed Funds Association.  “I deal with many people who hedge their forward contracts with a swaps contract, but can’t easily net the entire trade [because of current bankruptcy law],” she says.  “A lot of lawyers have spent a lot of hours trying to get around this.”

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