The use of credit default swaps by fixed-income mutual funds


The objective of this project is to document the use of CDS in the mutual fund industry since 2004, so as to understand to what extent, why and how mutual funds are using these derivatives. Furthermore, we examine how the use of CDS has impacted fund performance and risk characteristics in order to determine whether the use of CDS has been beneficial to fund investors on average.


Principal Investigators
Adam, Tim Prof. Ph.D. (Details) (Corporate Finance)

Duration of Project
Start date: 05/2010
End date: 04/2013

Last updated on 2020-11-03 at 23:07