Discredit derivatives: Difference between revisions

}}[[discredit derivatives|Discredit derivatives]] are a class of [[derivatives]] invented by pioneering [[derivatives]] guru and amateur crime novelist {{author|Hunter Barkley}} to allow [[alternative investment funds]], who had lazily committed to [[environmental, social, and corporate governance]] standards in their [[prospectus]]es as a cheap way of wowing [[virtue-signalling]] [[Ultimate client|investors]], not realising that anyone would ''really'' object to massively profitable leveraged investments in firearms, narcotics and [[financial weapons of mass destruction]]. This they largely held true — no-one ''does'' care about that in the City — until the European Commission got in on the act and hold European-regulated [[hedge fund]]s to account for false advertising if they claimed the sanctimony of [[ESG]] on paper but ignored it in practice.