- So says Dan Fuss, vice chairman of Loomis Sayles. “A few are already known but there are some that were wiped out and just wound down.”
- Those funds who pressed shorts into February got fried by the fast turnaround in the junk bond market (now nicely in the green for the year), says Fuss.
- The pain suffered by hedge funds is a "side effect" of declining market liquidity, says Fuss. “Volatility will stay high any time you have a major change like this.”
- ETFs: AGG, BND, BOND, PTY, RCS, DBL, BTZ, HTR, PCM, SCHZ, JHI, BHK, TAI, BNDS, JMM, ICB, VBF, FBND, PAI, SAGG, IUSB, GBF, VBND, UBND