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Junk Bond Leader Krug Keeps Lead by Outwitting Rating Firms

  • Artisan fund manager beats 98% of rivals with a 3.3% gain
  • Makes bet on Callon Petroleum, sees opportunity in energy
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Bryan Krug, who achieved a seven-year winning streak at the Ivy High Income Fund, has done it again.

The junk bond leader, who runs the $831 million Artisan High Income Fund, has beaten 98 percent of rivals this year, extending his dominance, according to data compiled by Bloomberg. He topped 99 percent of competitors at the Ivy fund, where he worked from 2006 to 2013.