HY investors search for answers

摘要

High-yield bond investors flocked to an industry conference in Miami last week, gripped by apprehension over the battered asset class and a thirst for bargains. Still reeling from heavy losses last year, especially in commodity-related sectors, investors jammed panel sessions and one-to-one meetings organised by JP Morgan for its annual high-yield and leveraged finance conference. The event, one of the most sought-after in the industry, brings together portfolio managers, analysts and traders from both sides of the Atlantic to share their views and hear directly from company executives.