Are Credit Funds Headed for a Correction?

The strategy has reaped big gains for managers and their investors, but market watchers say funds that focus on credit strategies may not have much more room to run.

Pine River Capital Management’s Steve Kuhn

Hedge funds focused on credit and fixed income have been on a tear for the past four years, especially those focused on the mortgage markets, and many of these funds are off to strong starts this year as well.

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