GLOBAL - Following the implementation of a 130/30 fixed income mandate at CalPERS, the CIO of Baring Asset Management has predicted the growing US trend for short extension funds in bonds will cross the Atlantic.
Barings was one of five managers appointed by the US$280bn pension fund in 2007 to run short extension fixed income mandates, in an attempt to pep up a sluggish long only fixed income portfolio. I...
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