A Dirty Little Secret About Bond Funds

In a way, in becoming The Oxford Club’s Bond Strategist I feel like a prosecutor who’s decided to switch sides and become a defense attorney.
As I mentioned in my last piece, I managed a $160 million (assets under management) taxable bond fund for a bank early in my career.
It was my first job out of the Navy. I joined a bank in Cincinnati, Ohio, which at the time was known for its ability to churn out spectacular earnings growth – and by extension, stock price growth.
The bank hired veterans in large part because it demanded a lot from its employees …read more

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