Hedge fund Fiera Capital Corp. has become one of the best performers in its category this year, thanks to a bet on junk bonds falling from their 20-year high.
Hedge fund Fiera Capital Corp. has become one of the best performers in its category this year, thanks to a bet on junk bonds falling from their 20-year high. The Montreal Gazette reports that the fund shorted energy drillers before the plunge in oil prices in the summer. The fund is also expecting good returns from airline and discretionary goods manufacturing industries with both benefitting from lower oil costs.
