Finance

JPMorgan, Goldman Offer Hedge Funds Way to Short Private Credit

JPMorgan Chase & Co. headquarters in New York.

Photographer: Michael Nagle/Bloomberg

Goldman Sachs Group Inc. and JPMorgan Chase & Co. are among investment banks offering hedge fund clients ways to bet against the $1.8 trillion private credit market, people with knowledge of the matter said.

The firms have assembled baskets of listed companies with exposure to the space, the people said, who requested not to be identified discussing bespoke product offerings.