(Another) story of complex derivatives sold to naive investors.

  • Fujita Health University, which runs one of Japan’s biggest hospitals, lost $240 million on currency derivatives.
  • Nanzan University in Nagoya said this year it had lost over $230 million

Relates to”Power reverse dual currency bonds” –

known by the acronym PRDC – offered a higher return at a time when the yield on 10-year Japanese government bonds was stranded at less than 1 percent.