Credit hedge fund sticks to its guns on interest rate bet

By Jon Close

Thursday, April 11, 2013

London-based asset manager stands by interest rate hedge despite losses

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Comment by: Anonymous. Posted 11 years ago [2013-04-11 23:02:17]

Agree it's a good idea to have protection against rising rates. But .... wait a minute. If this fund has a hedge on interest rate movement, then it should have positions (such as long fixed-rate bonds) that benefit from rates moving lower. Either the hedge is not effective, or this fund simply has a directional bet.

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