Ellington Says 2008 Crash Set To Repeat In High Yield Credit, Buy CDS

Ellington Management Group looks at causation of the 2008 Global Financial Crisis and sees the same pattern of behavior at work in the next asset bubble in high yield corporate debt. The hedge fund that successfully identified and invested during the last global financial crisis has a new trade in credit default swaps, according to a hedge fund strategy report reviewed by ValueWalk and distributed to institutional investors.

History repeats when core problems are not addressed

History proves the point that issues left un-addressed are often repeated, which appears what noted Wall Street bond trader and Ellington founder Michael Vranos discovered. In a research piece titled “It’s Like Déjà vu...