LONDON (Reuters) - The credit market turmoil is presenting opportunities for funds to snap up investment grade bonds at bargain basement prices, particularly among financials, but the window of opportunity is unlikely to be open for long.
With hedge funds and other nimble investors coming back to the market, and historically wide spreads — the premium [...]

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Hedge fund managers are poised to leap into the pool of distressed and incorrectly priced securities created by the credit crunch.
Swiss private bank Union Bancaire Privée and Swiss manager Gottex Fund Management are launching funds that will invest in debt they believe is temporarily undervalued as a result of market conditions.
The opportunity is on a [...]

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Hedge funds are still reeling after banks unexpectedly pulled credit lines and demanded more security against loans, forcing firesales and heavy losses.
By James Mackintosh, Financial Times
Now they face a new threat: investors are abandoning them, raising the risk that the funds will have to sell assets at any price to raise the cash to meet [...]

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