Moving into hedge fund strategies
Singapore
AT Aviva Investors, veteran bond fund manager Todd Youngberg is now promoting its hedge fund strategies instead of its multi-asset funds. These include long-short ideas and the purchase of floating rate bank loans that will benefit from higher interest rates, said Mr Youngberg.
"There are pockets of value in bank loans, Japanese banks. But we're not so much in the mood for chasing beta right now," he said. Beta is industry jargon for the returns one gets by being exposed to the br…
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