Cash Drag or Collateral-Derived Alpha: The Choice Is Yours

Generating alpha is hard enough, so why let cash drag stifle returns?  With derivative-laden portfolios in a high-interest rate environment, collateral presents opportunity to improve returns.  The decade-long period of low-interest rates created detrimental habits with a default cash collateral model. Asset owners face challenges in diversifying collateral beyond cash due to existing infrastructure that

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