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Hedge Funds Help Portugal Access International Debt Market

WSJ – Hedge funds haven’t always attracted good press, particularly during Europe’s financial crisis. They have been accused of generating unhelpful volatility in the sovereign debt markets that have contributed to soaring yields on euro-zone debt and higher costs of insuring sovereign debt against default.

But they are an important part of the overall liquidity in the debt capital markets, and proved their worth in the recent landmark debt sale by Portugal.

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