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US bond fund manager sold 25% of assets in two months on danger signs

"Sell" triggers are based on modelling using components like interest rates, market volatility


JOHN Lekas's "sell" triggers helped the bond fund manager dodge some losses amid the worst month this year for distressed debt from emerging markets. They're now warning of more pain to come.

Mr Lekas, who oversees US$1.4 billion at Leader Capital Corp in Portland, Oregon