ETF – Fixed-income strategies, especially long-dated bonds, are currently a tough sell in today’s environment when rates look likely to be heading higher. Some investors, including hedge fund manager George Schultze, are preparing for rates to move higher by buying shorter-dated debt and value-oriented equity.
Shultze, the founder of Purchase, N.Y.-based Schultze Asset Management, markets a pair of hedge funds totaling $226 million that focus on companies in bankruptcy or near it. He recently spoke to ETF.com staff writer Hung Tran about the current state of the fixed-income market, and shared his views on the opportunities he sees in equities—on both the long and the short sides.
