As the eurozone debt crisis rumbles on and Italy and Spain take centre stage in the firestorm, opportunistic investors have been finding ways to play the turmoil in the markets.
Hedge funds that have made tactical bets through the bond markets seem to have had the greatest success, at least in terms of asset gathering. According to data from research house eVestment Alliance, credit strategies globally have seen a net inflow of $12.1bn so far in 2012, while macro strategies have taken $4.8bn of assets. In contrast, investors have been less interested in equity strategies, which have posted a net outflow of $3.3bn year to date. Investor interest Investors have tended to back global mandates rather than hedge funds specifically targeting Europe. Global funds...
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