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Friday, March 1, 2019

China's fledgling junk bond market spawns new breed of vulture funds

When the Shanghai-traded bonds of conglomerate China Minsheng Investment Group plunged 40 percent over two days in January after news it had missed a repayment, Beijing-based hedge fund manager Jash Zhang smelled blood.


from Reuters: Business News https://ift.tt/2U9sc4d

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