Goldman pitches hedge funds product to bet against corporate loans, source says - Reuters

<a href="https://news.google.com/rss/articles/CBMixwFBVV95cUxQNUVoOGJRWWlwU29Jc0M3MDVHQjFqVmEwQ3I3MHZPZUJ3VWFjMXprUWJfT2JhV1dHUy1Ma19ybkdWS2ZBMzZHVmdDMFFCbVR6UDIxQUpwY3BIeUVVanBkelh2TDIzb2g5N2VYaU4zcHhUZ0JPNnZhblg5SWUzMDVxMWRmQmdvRXdsX0JFM29kWnltYXA4WGs4eVBTTVJxZ1QzWWJuYnQ4ektVOVBaTDJWS3EzeE9rSGdrMzZob0JDOV9TZGh4MVpz?oc=5" target="_blank">Goldman pitches hedge funds product to bet against corporate loans, source says</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Goldman Sachs is offering hedge funds a financial product, known as a total return swap, to take positions on corporate loans, allowing them to profit from changes in market value. No trades have been executed using this strategy so far.

Goldman Sachs is pitching hedge funds a financial product that allows them to take a short or long position on corporate loans, a source familiar with the matter said. The product, known as a total return swap, is a derivative contract that allows investors to profit from changes in market value of the loans.

Goldman Sachs has approached hedge funds with strategies to short corporate loans, amid growing demand for bets against debt of enterprise software companies and other sectors threatened by artificial intelligence, the Financial Times reported on Monday.

Goldman Sachs is pitching hedge funds a financial product that allows them to take a short or long position on corporate loans, a source familiar with the matter said. The product, known as a total return swap, is a derivative contract that allows investors to profit from changes in market value of the loans.