GFI Makes CDS-Linked Equity Research Offering

Feb 1 2007 | 12:58pm ET

GFI Group, an inter-dealer broker specializing in over-the-counter derivatives products and related securities, is offering equity research with a twist to U.S.-based hedge funds, mutual funds and other institutional money managers.

The group’s research examines the relationship between equity and credit markets and combines real-time credit default swap information with fundamental and technical analysis to provide recommendations on specific securities.

"The feedback has been extremely positive, exceeding our expectations, and we are already sending information daily to more than 100 portfolio managers," said Gary Kelly, GFI’s head of research. “CDS is a vital indicator of equity price movement because fluctuating CDS spreads provide a dynamic and real-time view of underlying company risk.”

Credit derivatives are the fastest growing derivative market and credit default swaps have a total of $26 trillion in outstanding contracts, according to the International Swaps and Derivatives Association.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...