Go-Anywhere Bond Funds stage comeback with near 2% monthly return

4 articles · Updated · Bloomberg · May 5

Jupiter Asset Management manager Ariel Bezalel said his fund outperformed most rivals after bets spanning Bahraini refinery debt, Brazilian local-currency bonds and short positions in European high-yield credit.
He also wagered against further Bank of England rate hikes, arguing that broad flexibility is paying off as geopolitical volatility reshapes bond markets.
The rebound marks a turnaround for a strategy that had been out of favour for years, with investors again showing interest in unconstrained fixed-income approaches.

Amid a global energy crisis, why is a top fund manager betting on a near-bankrupt Bahraini oil refinery?

Is the 'Iran war' creating a golden era for investors, or is it just a high-stakes gamble on global chaos?