Winning with losers in the high yield bond market
Value to be had watching 'bad bonds'

CIFC Long/Short Credit fund's Jason Horowitz
I love the high yield market – in the intermediate to long term, I believe it could generate mid-single-digit annual returns against a global backdrop of $14trn of negative-yielding debt.
Like any market, though, it includes some poor bonds and endures periods of volatility. Bond managers normally like to focus on how they pick winners and avoid the losers to mitigate risk and maximise...
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