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Monday, July 18, 2011|
Beantown PMs Ponder a Possible U.S. Default
How are fundsters preparing for the possibility that the negotiations over the U.S. debt ceiling fail and some kind of default occurs? The Boston Globe's Steven Syre interviewed several Boston-based mutual fund PMs about their strategies in light of the crisis.
Loomis Sayles Bond Fund [see profile] co-PM Kathleen Gaffney, Eaton Vance [see profile] global fixed income PM Eric Stein, Pioneer Investments [see profile] US chief investment officer Ken Taubes and MFS [see profile] PM Erik Weisman all talked with the Globe for the article. They suggested hedging exposure to U.S. Treasuries with: cash, foreign currency, gold or U.S. Treasury credit default swaps.
Printed from: MFWire.com/story.asp?s=37336
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