Financial Times – 7/30/13

August 14, 2013  |   Financial Times   |     |   0 Comment

Michael Kastner, managing principal at Halyard Asset Management, says he is hedging the duration risk in his portfolios from owning longer-dated corporate bonds with interest rate futures.

“We are adding exposure across all sectors and see investment grade clawing back some ground on junk,” he says.

Investors bet on junk bonds to outperform