Top investors in credit

Cover story

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INVESTING IN CREDIT HAS BEEN A MORE challenging experience than many in the European market would have thought possible at the start of this year. In 2000, the telecoms sector gave investors a taste of how volatile credit quality can be, but this year, and since the summer in particular, that lesson has been underscored in full.

Among the questions this raises is the extent to which investors in European credit are properly qualified to deal with the challenges of the market. The answer

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