Pensions and Investments – Hedge fund managers are rummaging through the world’s vast debt opportunities, looking for undiscovered sources of alpha in an overheated market plagued by high volatility and correlations that are much too close for comfort.
Managers are meticulously combing through odd, obscure, complicated, often tainted securities. Also, those hedge fund firms with the sophisticated skills needed to exploit these opportunities are taking their ideas to institutional hedge funds-of-funds managers.
