Credit is where the smart money is moving. At least that seems to be one of the strong themes Javier Dyer is playing in the Permal Fixed Income Holdings (PFIH) fund of hedge funds.
"We still see opportunities in credit but they're different from what we saw in 2008/2009 and even 2010," says Dyer,Dyer, lead portfolio manager for the fund as well as deputy chief investment officer for Permal Asset Management.
"One area of opportunity is in non-agency residential and commercial mortgage backed secu
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