Boaz Weinstein has been making waves lately. After he recommended that traders jump into the obscure CDS index that is losing JPMorgan millions his reputation has has soared. We analyzed the JP Morgan trade in detail, earlier today. Long before his win at JPMorgan, Bill Ackman described him as the smartest person in credit.
At the Boys & Girls Harbor conference in February where he announced that he was shorting the index, he pointed to an interesting trend in the CDS markets.
Weinstein showed that 5-year credit default swaps on AAA rated European countries offered better risk adjusted turns than those from PIIG countries. He mentioned that a basket of Danish, Swedish and Norweigen 5-year CDS were up 228% from June 2011....
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