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Puerto Rico Menaces Mutual Funds That Resisted Market Exodus

TedTed
in The Bullpen
FYI: (This is a follow-up article.)

The biggest restructuring in the history of the U.S. municipal-bond market will fall heavily on hedge funds that wagered Puerto Rico wouldn’t go broke. But there’s plenty of little guys left holding the bag, too.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-05-08/puerto-rico-menaces-mutual-funds-that-bucked-bond-market-exodus
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