Hedge Fund Inside Biggest Norway Bank Reveals Junk Bond Bet

Anette HjertoSource: DNB
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Inside the biggest bank in Norway, a hedge fund is going over the bond issuers that lost their investment-grade status during the Covid crisis.

One of the strategies at DNB ASA’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.