WorldCom has had a damaging effect on the stock markets, US investor confidence and hedge funds, wr...
WorldCom has had a damaging effect on the stock markets, US investor confidence and hedge funds, writes John Butcher. Certain hedge fund strategies could be hit and long-term investor attitudes changed while bankruptcy fears have gripped many US investors and proved another knock to confidence. The collapse of WorldCom and similar stories, are making credit risk hedge fund strategies more dangerous, according to David Smith, chief investment officer, multi-manager group, Global Asset Management. The number of funds relying on an in-depth analysis of credit risk has been increasing...
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