Industry Voice: Webinar | Fallen angels: unlocking price recovery potential

In our latest webinar, our experts will explore the attractive risk-adjusted return potential from fallen angel investing, throughout market cycles.

Ashton Parker and Anando Maitra at Lombard Odier Investment Managers

22 May 2023 • 1 min read

Based on more than decade of research and deep expertise, the team will discuss how fallen angels can:

- Offer better risk-adjusted return potential than other ratings categories including IG, BBB, BB and HY

- Deliver returns throughout the market cycle

- Reduce credit risk in a high yield portfolio

- Represent a credit sweet spot

Using real-life examples, the team will also cover the importance of active management to avoid investing in fallen knives.

Partner Insight: Markets hold steady amid uncertainty

Mike Riddell, portfolio manager of Fidelity Strategic Bond Fund, provides an overview of the macroeconomic environment and outlines his views across the strategy’s main alpha sources. Despite geopolitical tensions and economic concerns, market sentiment remains resilient, with short-lived volatility spikes and credit spreads rallying in recent weeks. Against this backdrop, he highlights why his highest conviction forex position is a short US dollar against a basket of emerging market currencies.

Mike Riddell, portfolio manager of Fidelity Strategic Bond Fund

22 July 2025 • 5 min read