A EUR 15 billion bond manager says it’s too late to hedge risk

If you didn’t already start hedging against the risk of a deep sell-off in credit markets last month, don’t bother now.

Beer maker Heineken was one of a total of nine issuers marketing bonds in Europe on Wednesday. | Photo: Martin Lehmann

Ville Talasmaki, who helps manage about EUR 15 billion of credit investments for Finnish financial group Sampo Oyj, says the warning signs had been plain for a while.

“There’s not much you can do to hedge yourself against the crisis anymore,” Talasmaki said by phone. “All the wise decisions should have been made in February and before that when you had all the warning signs and red flags waving in front of you.”

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