Battered 50-Cent Long Bonds Lure Niche Fund in High-Risk Gambit

At a time when investors are dumping long-term debt, one fund manager isn’t only going the other way, he’s actively hunting for the most beaten-down of the bunch.

By Ye Xie and Greg Ritchie · Bloomberg Markets

At a time when investors are dumping long-term debt, one fund manager isn’t only going the other way, he’s actively hunting for the most beaten-down of the bunch.