MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 17, 2007 Fund Companies Lobby for More Bond Contract Protections A group of investors, including mutual funds, pension funds, insurance companies has formed a group that will lobby for more protections to be written into bond contracts. The Wall Street Journal reported that the group, christened Credit Roundtable, will today release a white paper that details problems in contracts that govern investment-grade bonds. Credit Roundtable would like provisions written into contacts that provide for a buyout or recapitalization of the company that issued the bond. Fund companies supporting the thesis of the white paper include BlackRock, Loomis Sayles & Co., Fidelity Investments, and MetLife Inc. Printed from: MFWire.com/story.asp?s=16813 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |