Credit Hedge Funds: Full Guide to the Industry, Strategies, Recruiting, and Careers
Brian DeChesare
JULY 27, 2022
4) Moderate Net Exposure and Beta – Most credit funds are in the middle of the pack here, with Betas to equities and bonds in the 0.4 – 0.5 For example, why might Bond A have a 10% YTM with an 8% coupon rate while Bond B has a 9% YTM with a 10% coupon rate if they have the same ranking in the capital structure?
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