New HY Index: A Way to Manipulate?

Husband, Sarah
October 2003
Investment Dealers' Digest;10/20/2003, Vol. 69 Issue 40, p11
Trade Publication
Focuses on the criticism on the decision of Credit Suisse First Boston to launch a high yield index called Institutional High Yield Index in 2003. Problems with high yield indexes; Provision of opportunity to managers to manipulate their fund returns; Elimination of the tail risk associated with distressed and smaller issues.


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