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.

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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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