Safe go-anywhere funds starting to mirror volatile asset classes

InvestmentNews asset management reporter Trevor Hunnicutt quotes MPI President Jeff Schwartz in a story on the risks and particularities of “go-anywhere” bond funds as high yield, low quality securities fall out of favor. Referencing MPI research on the nontraditional bond fund category, Schwartz discusses how tactical mandates present risk management challenges, how advisors struggle with proper asset allocation of unconstrained funds and the huge deviations from manager to manager that are more representative of hedge funds.