Bond hedge fund managers

Inevitably the fall-out from 11 September has brought opportunity, with one fund manager describing it regretfully as a 'perfect storm' for managers of bond hedge funds.

In New York, distressed debt fund manager, Phillip Schaeffer says: 'Unfortunately for the macro markets and from a US citizenship perspective, there has been a significant increase in the amount of debt trading of distressed levels. This creates opportunities because our investment universe has increased.'

According to Moody's In

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