Hedge fund inside Norway’s biggest bank reveals high yield bet

Inside the biggest bank in Norway, a hedge fund is going over the bond issuers that lost their investment-grade status during the Covid-19 crisis.
"With the low interest rates today, bond funds won’t give the return and protection investors need in their portfolios when there’s volatility in the stock market," says Anette Hjertø, head of absolute strategies at DNB Asset Management. | Photo: PR / DNB AM
"With the low interest rates today, bond funds won’t give the return and protection investors need in their portfolios when there’s volatility in the stock market," says Anette Hjertø, head of absolute strategies at DNB Asset Management. | Photo: PR / DNB AM
By Jonas Cho Walsgard / BLOOMBERG

One of the strategies at DNB Asset Management's Multi Asset fund is to identify so-called fallen angels and place bets on those that appear to have been unfairly demoted to high yield earlier this year.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading