OGX Bonds Luring Hedge Fund CarVal After Selloff

OGX Bonds Luring Hedge Fund CarVal After Selloff

Susana Gonzalez/Bloomberg

CarVal is seeking to replicate the success it had investing in distressed debt from Brazilian meatpacker Independencia SA to Mexican glassmaker Vitro SAB, which Graf said helped the Minneapolis-based fund’s emerging-market strategies net average annual returns of 15.2 percent since 1999.