| 14.06.2012 Old Mutual bond manager introduces 'Facebunds’ and calls a turn in government bond markets |
| Beverly Chandler, Opalesque London: Stewart Cowley, manager of the Old Mutual Global Strategic Bond Fund has written a strongly worded note comparing the Facebook IPO with the German government bond market, or 'Facebunds’ as he calls them. "If regulators think the Facebook initial public offering was a scandal, they should look at the German government bond market" he writes, citing Bill G |