Feb
26
Junk Bond Manager Beating 98% of Peers Bets on Stressed Debt
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Value Partners high-yield China fund returned 4.9% this year
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Premium on global junk notes has fallen to a three-year low
One of the world’s best-performing junk bond funds is dealing with the surging costs of debt globally by digging deeper in the bargain bin.
As the world’s riskiest notes soar to their most expensive levels in three years, Hong Kong-based Value Partners Group Ltd. is looking for value in securities others have avoided. Gordon Ip, who manages the $2.4 billion Value Partners Greater China High-Yield Income Fund, has overseen returns of 4.9 percent this year, beating 98 percent of peers targeting junk debt globally…
Junk Bond Manager Beating 98% of Peers Bets on Stressed Debt
