MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 27, 2008 Fund Managers are Drawn to Distress Sunday's New York Times carried an item on mutual funds that hold distressed debt. The article, penned by Norm Alster, mentioned BlackRock High Yield, Mutual Recovery and Northeast Investors Trust, and quoted BlackRock fund manager James Keenan as saying that there's going to be "tremendous opportunity over the next 12 to 18 months." Also interviewed for the story is Michael Embler, chief investment officer for Franklin Templeton's Mutual series. "There have been a lot of funds raised. Most of the money has not been deployed," Embler told Alster. Printed from: MFWire.com/story.asp?s=18338 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |