On Wall Street one's misfortune is another's opportunity, and mutual fund managers see the misfortune of the REIT and junk bond markets as a chance to buy at bargain basement prices. The WSJ reports that bond fund managers have been willing to take on more risk lately, just as the investing public is switching to safer investments. Only time will tell if this will be a good gamble for maverick managers like Legg Mason's Bill Miller, Franklin's Edward Perks, and Loomis Sayles' Dan Fuss. 

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