What is the ‘basis trade’ and why is the SEC concerned?
The space is dominated by only a few hedge funds, and that could be risky.
Jonathan Hoffman, John Bonello and Jonathan Tipermas share more than just similar first names. They’re the driving force behind a gigantic wager on government debt that’s been giving regulators sleepless nights.
They and their teams are top players in the “basis trade,” a bet by a few of
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