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Riskiest Bank Debt Draws In $6.5 Billion Carnegie Fund in Sweden

2015-08-20 11:21:14| Appliances - Topix.net

Carnegie Fonder AB, a Swedish firm with about $6.5 billion in assets under management, is turning to bank bonds with the highest risk as it searches for better returns. Stockholm-based Carnegie, which oversees almost $3 billion in investment-grade and high-yield assets, says it's buying additional Tier 1 bonds as part of a strategy that targets returns as high as 4 percent in its Swedish krona Corporate Bond fund.

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