Komfie Manalo, Opalesque Asia:
George Schultze, founder and managing member of New York-based distressed securities manager Schultze Asset Management, LLC said fund managers should take advantage of future direction in the fixed income market.
Schultze made the advice at the recent 20th Annual GAIM Alternative Investment Conference in Monaco. Schultze said during GAIM’s Opportunities in Fixed Income Investments panel, "In light of today’s ultra-low interest rate environment, the best way to position a portfolio is to take advantage of the likely future direction in the fixed income market."
Schultze also discussed the risks present and opportunities available in today’s fixed income market.
Schultze commented, "Today’s fixed income market provides unique opportunities for nimble asset managers with a specialized niche expertise. Going forward, it makes sense for fixed income investors to maintain low duration exposure, if necessary, but also to consider opportunities in event-driven equities and in short-selling. Time will prove that it’s difficult to make good returns by blindly investing long in today’s fixed income market."
Separately, Schultze was voted by a panel of judges as the overall conference winner of GAIM’s Quickfire Manager Showcase wherein he communicated Schultze Asset Management’s unique edge and investment strategy.
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