This content is from: Premium

Betting the Spread

Pity the hedge fund managers who focus on fixed-income securities.

Pity the hedge fund managers who focus on fixed-income securities. With the yield curve flattened and credit spreads hovering at record lows, arbitrage profits are increasingly tough to come by, even in such traditional hunting grounds as the junk bond and emerging-markets debt sectors. To maintain returns, managers are not

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content