By: Yakob Peterseil from Structured Products Magazine
Like someone who believes that what he is saying should be plainly obvious to all, Dominick Paoloni rattles off the shortcomings he sees with the structured products sold by Wall Street. These firms charge excessive fees, he says, have long tenors and point-to-point payouts, and expose investors to unacceptable levels of counterparty risk. In fact, Paoloni dislikes these products so much that six years ago he learned all he could about derivatives and started creating his own, out of a small office in Denver, Colorado.
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