Largest Asset Managers for 2013 Are Watching Rates Closely
Rising interest rates will force major portfolio changes on almost all the firms that make up Institutional Investor's II 300, our annual ranking of the U.S.'s top money managers.
By Julie Segal
Asset managers of fixed-income portfolios have profited handsomely from three decades of falling interest rates. But it might be time to pay the piper. When Federal Reserve chairman Ben Bernanke this spring announced that he might take away the honey pot and begin tapering the Feds $85 billion-a-month bond....