MPC sees opportunity in credit crunch

He expects to see continued market volatility, as institutions and hedge funds reveal their exposure to structured products. However, Geldard believes the fundamental economic environment has not altered significantly, and thus sees an opportunity to buy into good companies with sound earnings. He added: “due to the increase in volatility in equities and the market correction there is now (also) significant value in the convertible bonds asset class, providing interesting opportunities at times like this.” Geldard, along with Lee Manzi, runs the MPC Strategic Reserve fund, the f...