Financials don’t suit the faint-hearted

By Jon Close

Credit funds that play in financials have outperformed their peers that stick to corporates – but they experience much higher volatility

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Comment by: Sayed Kadiri. Posted 7 years ago [2016-12-08 14:24:26]

This story has been updated to clarify La Francaise's fund composition. At the time of writing, the firm's multi-strategy fund had a significant exposure to financials, 90% of which was in subordinated financials. Apologies for any confusion