Going into debt
Alpha can be found in credit-based debt strategies. In practice, pure alpha is difficult to achieve. Entry points are important, and these are driven by macroeconomic factors and market liquidity. In fixed income, market exposures also include issuer size, newness or complexity in deal structure, and dislocations in risk premiums for credit or volatility. An […]
- March 1, 2007 September 13, 2019
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