On the Fritz

martin fridson


Some years ago, bond dealers attracted a new group of investors to the high-yield sector. By leveraging their small capital bases, the new buyers quickly became major players. Then, unfortunately, circumstances changed and the newcomers turned into sellers. Pundits began to regard the prominence of this group as a bearish, rather than a bullish, factor.

This brief history could describe the present role of hedge funds, but it actually refers to savings and loan associations. During the 1980s, a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here