A Hedge Fund Vet Makes Contrarian Call on Credit

(Institutional Investor) Mariner Investment Group chief investment officer Bill Michaelcheck says its multistrategy hedge fund has moved out of credit and into rates….Michaelcheck…who founded Mariner in 1992… is expecting upheaval in the fixed income markets now that the Federal Reserve and other central banks are starting to sell the $14 trillion in securities that they’ve bought as part of quantitative easing policies since the financial crisis.

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