Hedge Funds: The Big Question

O'Leary, Christopher
October 2006
Investment Dealers' Digest;10/2/2006, Vol. 72 Issue 37, p7
Trade Publication
The article reports that the impact of hedge funds has reverberated throughout the junk bond market and is changing the nature of secondary trading in the U.S. Investors say that much of the reason junk has remained resilient has been due to hedge funds injecting so much liquidity in the secondary markets. A survey found that hedge funds now constitute about 25 percent of the total trading volume in below investment-grade debt.


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