News
News
News

Wall Street traders are circling a corner of the bond world they say is taking an unwarranted beating in anticipation of rising interest rates.  They are betting on closed-end funds, often-volatile structures that mostly cobble together risky collections of bonds and often employ leverage, or borrowed money, to try to boost returns…

Hedge-fund manager Boaz Weinstein is pitching investors on a new fund that will invest only in closed-end funds. Photo: Reuters

Read the article here: Hedge Funds Stalk Battered Corner of the Bond World