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, November 29, 2010 Pioneer CIO Talks Loans 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. Printed from: MFWire.com/story.asp?s=35245 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |