Rush for the exit: coronavirus puts risk-loaded credit funds on 'redemption watch'
Share:
LONDON (Reuters) - As fears of a global coronavirus-driven recession fuel a sell off in corporate debt, fund managers are bracing for a wave of redemptions, leaving the fate of credit funds that have ballooned in size and number in recent years hanging in the balance. Should this pool of willing buyers dry up, companies are likely to struggle to raise funds at affordable rates just as they attempt to get back on their feet following worldwide business shutdowns to stem the spread of the virus,..