Vizi1 Posted May 25, 2010 Share Posted May 25, 2010 Given recent market conditions FFH might realize an “unexpected” windfall from its remaining CDS investments. At Dec 31/09 FFH continued to hold $5.9 billion (out of a total $21.5 million) notional amount in CDSs. At that time, the unrealized loss on its CDS holdings was $43.2 million. During the 1st quarter of 2010 FFH reported $7.9 million of net losses related to credit default swaps. Given CDS spreads have widened considerably in recent weeks, any guesses on the level of gains that have accrued to FFH on its CDS’ since the end of March? Link to comment Share on other sites More sharing options...
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