Nouriel Roubini has partnered with Goldman Sachs to launch products that offer investors a safe haven in a big market crash. Read on.
, sparking massive moves across Wall Street from Treasuries and the dollar to bank stocks. The San Francisco-based lender had ploughed billions of dollars into longer-term bonds during an environment of low interest rates, but failed to sufficiently hedge its exposure as inflation surged and depositors withdrew. The bank’s failure has led to the announcement of a new Federal Reserve facility, as well as additional scrutiny of banks’ broader exposure to longer-term debt.
Atlas says it plans to offer annuities, total return swaps and other derivatives based off of the ACT index. A spokesman for Goldman declined to comment.The products taps into demand for pro-active investing to protect against existential threats in the face of elevated inflation, geopolitical risk, and environmental shifts, according to Atlas chief executive Reza Bundy.
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