T. Rowe Price reportedly turns to custom models for El Niño protection
Bloomberg reports the firm is seeking to protect a $165 billion portfolio of emerging-market debt and equities from an El Niño expected to be unusually destructive.
TLDR
T. Rowe Price has started relying on custom-made models to protect its $165 billion emerging-market portfolio, Bloomberg reports. The holdings include debt and equities, and the effort targets fallout from an El Niño cycle expected to be unusually destructive.
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