(Reuters) – David Einhorn’s hedge fund Greenlight Capital said on Thursday that it is betting that U.S. corporate debt, both investment grade and high yield, will fall as the country’s economic recovery slows. The fund said the move is attractive on its own, coming at a time that protections for creditors are shrinking, and offers a hedge to its bets that certain stocks will climb, according to a letter to investors seen by Reuters.
Greenlight Capital says betting against U.S. corporate debt as growth slows
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