After a good run many investors worry that the boom may be over
Credit strategies may be growing increasingly popular as a distinct investment genre, but a tough time for many credit funds in May's markets has some wondering whether their promise may have been a bit exaggerated. This was especially true among convertible bond strategies that use credit. So much so that in June, Goldman Sachs published a second installment of a research series entitled "What is Ailing the U.S. Convertible Market."
The Goldman Sach's Convertible Arbitrage Index lost 1.3% in May, its worst monthly