Hedge Fund Delivers 19% Return by Betting Only on Safest Bonds
- Asgard fund buys mainly AAA rated debt, takes no credit risk
- Leverage is now about 11 times, goes long risk premiums
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The best returns are not in the riskiest stocks but in the least risky bonds. But you can’t get them without leverage.
That philosophy helped Asgard Fixed Income Fund deliver a 19 percent return in the past year.