Jazz music and investing in bonds is a close enough match for Dreyfus International Bond Fund
's David Leduc
. So concludes Barron's
in its profile
of the PM of the $1.6 billion fund advised by BNY Mellon
] affiliate Standish.
"The moments that drive markets typically don't rest purely on quantitative analysis, they rest on the ability to synthesize a lot of information at once," says Leduc, speaking to the parallels of jazz and bonds.
With co-PM Brendan Murphy, Leduc has managed to beat out rival PMs of international bond funds by swinging to that beat: he has beaten other like funds by roughly 400 basis points over the past half decade.
Currently the fund is betting on the U.K. after it bet against Spain and Portugal in early 2010. The fund is now neutral on Spain.
Sean Hanna, Editor in Chief
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