(Bloomberg) For hedge funds, shifting sands in the global credit cycle offer a bounty of opportunities to extract yield — trades that favor Europe over U.S. Investors should consider relative-value trades using European credit default swaps on high-yield debt, Societe Generale SA analysts including head of cross-asset quantitative research Sandrine Ungari wrote in a research note this month. Such strategies should benefit from the positive yield differential between junk-rated and investment grade credit, but also from spread compression, their report said.
Hedge Funds May Get More Joy Trading Euro Credit Carry Than U.S.
This entry was posted in Syndicated. Bookmark the permalink.
