FYI: In “Tradition,” the opening number of the musical Fiddler on the Roof, Tevye the dairyman regales the audience with the time-honored roles of family members and other villagers in keeping his society alive. Tevye would not have made a good alternative (“alt”) fixed income fund manager. These managers shun the conventions of bond investing by taking long/short bets or by hedging credit or duration.
Regards,
Ted
http://wealthmanagement.com/fixed-income/alternative-bond-funds-worth-cost
