Peloton Partners
3 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Apr 6, 2020 by Eric Peters · said 11 times in 1 episodes since 2020 · across every show →
Mentions by year
brought up most by Ted Seides (10), Eric Peters (1)
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2020 11 mentions in 1 episode
Everything said about Peloton Partners, oldest first
Apr 6, 2020
Peters: Peloton ABS fund ran 7x levered subprime relative-value trade
“And then they had their ABS fund and that ABS fund was a big bet against subprime mortgages. It was a relative value bet. So they were long, a few, three units of Triple A mortgages short one unit of triple B's levered seven times.”
Apr 6, 2020
Peters: Cheaper hedges that offset negative carry often blow up in dislocations
“So what inevitably happens, and this is a hugely important lesson is when people are trying to mitigate a risk, there is an expensive way to do it, which is usually sound. And there are a whole range of cheaper ways to mitigate it in ways where you offset the …”