Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Pioneer CIO Talks Loans Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 29, 2010

Pioneer CIO Talks Loans

News summary by MFWire's editors

Pioneer Investments gained media coverage the day after Thanksgiving, but not for its possible sale. The article, by Bloomberg, was about Pioneer Investments U.S. chief investment officer Kenneth Taubes' fascination with leveraged loans.

"We had been buying them in lieu of high-yield debt for a number of reasons," Taubes, who runs the $3.7 billion Pioneer Strategic Income Fund, told the pub.

"Here's an opportunity to buy something that doesn't give up much yield at all to protect yourself against rising rates and you're higher in the capital structure to boot," he added.

The fund currently has "the highest weight in bank loans in the 11 years I've been running it," Taubes said. 

Edited by: Armie Margaret Lee


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use