InvestmentNews‘ asset management reporter Trevor Hunnicutt utilizes MPI’s research on nontraditional bond funds from Senior Analyst Sean Ryan and commentary from President Jeff Schwartz for an extensively reported article on “go-anywhere” bond funds. Hunnicutt writes “MPI argues that quantitative factor analyses of funds can say more about returns that simply looking at periodically produced lists of the securities that the funds hold.” Schwartz cautions “We don’t think a lot of people invested in these products know how to benchmark them.”
InvestmentNews asset management reporter Trevor Hunnicutt quotes MPI President Jeff Schwartz in a story on the risks and particularities of “go-anywhere” bond funds as high yield, low quality securities fall out of favor. Referencing MPI research on the nontraditional bond fund category, Schwartz discusses how tactical mandates present risk management challenges, how advisors struggle with proper asset allocation of unconstrained funds and the huge deviations from manager to manager that are more representative of hedge funds.
Michael Markov shares his insights on risk with InvestmentNews.
In this Investment News round-up of the recent Bayou hedge fund investigation, Michael Markov from MPI comments on warning signs that were apparent in the case.