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Geoffrey Gwin

The clues to bond selection are in a firm's income statement, says the chairman of hedge fund Group G Capital Partners. He talks to Dalia Fahmy about his $115m long/short high-yield fund

CPDOs: A volatility game

A triple-A rated structure that pays Libor plus 200bp. Who wouldn't be interested in such a product? Perhaps the sceptics warning against the 15 times leverage and the instrument's high exposure to volatility. Laurence Neville reports

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