The question that permeates Ayn Rand’s legendary Atlas Shrugged has a peculiar resonance at the moment for financial services in general and for hedge funds in particular. Those unfamiliar with the cult novelist may not be aware of the significance.
In the wake of the financial crisis, opportunities have arisen for funds exploiting the unwillingness of banks to lend to small companies. Hedge Funds Review out how hedge funds are using asset-backed lending to fill the gap.
Increased issuance of US investment grade bonds present increased opportunities, says Scott Service, senior global strategist at Loomis, Sayles & Co. There has already been a huge rally and he is confident “there is more rally to come”.