credit default swaps
2 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Apr 28, 2020 by Bill Ackman · across every show →
Everything said about credit default swaps, oldest first
Apr 28, 2020
Bill Ackman Turned $27 Million in CDS Premiums Into $2.6 Billion
“We ended up spending twenty seven million on premium because we built a seventy billion dollar CDS position beginning in the third week of February, you probably had it completely on by the early, you know, first few days of March, and we started taking it off…”
Apr 28, 2020
Ackman: Pershing Square held $71B notional CDS hedge committing $500M annually
“And we at the peak had seventy billion, actually seventy-one billion of notional insurance that cost about an average of 70 basis points per annum. So about five hundred million dollars. We committed to make five hundred million dollars a year in payments for …”