December 1, 2022

Massive hedge funds store for bargains in company debt

Big hedge funds shop for bargains in corporate debt

Big hedge funds shop for bargains in corporate debt

Massive-name hedge funds are snapping up bargains in junk bonds and different corners of the company debt market, as they wager a sell-off sparked by the darkening international financial outlook has gone too far.

Company debt has been onerous hit this 12 months by fears that steep will increase in borrowing prices will result in a wave of defaults at teams which have grown accustomed to years of simple cash. Rates of interest for dangerous debtors have soared.

However a number of managers, together with Third Level’s Daniel Loeb,…

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