Marketwatch – Mutual-fund shareholders are seeing at least one benefit from the credit freeze: bond managers are back in the trading action after years of playing second fiddle to hedge funds.
Bond-fund managers say the exodus of leveraged hedge funds from their market pushed out spreads on debt securities to historic levels — a dramatic change from the middle of the decade.
Marketwatch – Mutual-fund shareholders are seeing at least one benefit from the credit freeze: bond managers are back in the trading action after years of playing second fiddle to hedge funds.
Bond-fund managers say the exodus of leveraged hedge funds from their market pushed out spreads on debt securities to historic levels — a dramatic change from the middle of the decade.
