Hedge Funds Are Slow to Come Back in Complex Credit Markets
Despite massive Fed intervention, some are still down double digits.
Michelle CelarierOctober 23, 2020
The Federal Reserve building in Washington, D.C.
(Erin Scott/Bloomberg)
When the pandemic roiled the markets in March, hedge funds investing in structured credit were among the hardest hit of any strategy — and they’re still struggling to make a comeback.Despite massive intervention by the Federal Reserve in credit markets this year, these funds remain
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