A group of investors, including mutual funds, pension funds, insurance companies has formed a group that will lobby for more protections to be written into bond contracts. The Wall Street Journal
reported that the group, christened Credit Roundtable
, will today release a white paper that details problems in contracts that govern investment-grade bonds. Credit Roundtable would like provisions written into contacts that provide for a buyout or recapitalization of the company that issued the bond. Fund companies supporting the thesis of the white paper include BlackRock
, Loomis Sayles & Co.
, Fidelity Investments
, and MetLife Inc
Stay ahead of the news ... Sign up for our email alerts now