Al Kellett

Hedge funds might shine in 09

Hedge fund managers, once the swashbuckling frontiersmen of international finance, have quickly gone from hero to goat. As the global credit bubble burst with a vengeance in 2008, so too did the oft-touted myth that these alternative strategies could deliver positive results in any market. But such sweeping claims paint the universe with too broad […]

By Al Kellett |February 1, 2009

5 min read

Analyst report

Hanif Mamdani, lead manager of PH&N High Yield Bond, attempts to mitigate the inherent peril of high-yield bonds by focusing on the area of the credit spectrum where “junk” meets “investment grade.” There are significant risks in the fund right now, stemming from the point we’re at in the credit cycle, and the nature of […]

By Al Kellett |December 1, 2008

3 min read