Guest article written for AllAboutAlpha.com – the official publication of the Chartered Alternative Investment Analyst (CAIA) Association
In any economic system, the fixed-income (bond) market plays an essential role as one of the principal ways of financing enterprise (be it corporate or sovereign). Research shows that at the end of 2010, the global bond market had amounts outstanding of over US$95 trillion (to put that in context, the World Bank reported the total value of global economic output to be US$65 trillion in the same year). For investors, fixed-income markets play a critical role both in generating return- and hedging risk.
To learn more about this, we speak to Mr. Krishna Memani, Director of Fixed Income, SVP and Portfolio Manager at Oppenheimer Funds(who are reported to have over $150 billion under management) Continue reading