Hovnanian highlights 'need for change'

Pic© Loty

Category: Risk Management

Previous Story       Next Story

A group of funds, led by Solus Alternative Asset Management, is seeking to prevent a deal between GSO Capital Partners and Hovnanian Enterprises which has the potential to fundamentally undermine trust in credit derivatives. A federal court is due to hear arguments today, but regardless of the outcome market participants say change is needed.

Already registered?

Not yet registered? Join today to access SCI Content.