The Big Interview: Andrew Feltus

The man who controls Pioneer Investment Management's $11 billion high-yield bond portfolio tells Dalia Fahmy how he plans to make money in 2008

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Rough times have been good for high-yield investors with Pioneer Investment Management. The firm's $4 billion flagship Pioneer High Yield Fund (TAHYX) has returned 10.57% so far this year, making it the best-performing junk bond fund in that period, according to Morningstar Research. The fund doesn't even have high-yield guru Margaret Patel, long known for her ability to make money in bear markets, at its helm any more, as Patel left Pioneer in April to join Evergreen Investment Management, the

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