(Bloomberg) The world’s largest publicly traded hedge fund is turning wary on emerging-market dollar bonds after the securities rallied the most since the global financial crisis. Investors have plunged into riskier assets in their hunt for yield, and now face mounting risks, according to Man Group Plc, which managed $103.5 billion of assets as of Sept. 30. This week has brought fresh examples. Japan’s largest life insurer, Japan Post Insurance Co., plans to start buying sovereign and investment-grade corporate bonds in developing economies as early as this quarter, managing director Takayuki Haruna said in an interview.
Man Group Says Emerging-Market Bond Values Don’t Make Sense
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