Bond funds

An AQR executive just sketched a blueprint for traders seeking to hitch a high-octane ride on the global credit cycle.

The hiring will “reflect the changing nature of fund management,” a company spokeswoman said.

The products have benefited from the past decade of “economic expansion and bull market for risk assets,” one expert says.

Nick Maroutsos’ vision for JUCTX, which lost over half of its assets when the ex-bond king pulled out, is far different from the unconstrained strategy.

The firm plans a 0.2% to 0.5% allocation to the products in its global and international fixed-income index portfolios.

Data reported by the Investment Company Institute.

“Just like equities, last year was a volatile year and the fourth quarter of 2018 did a number on the returns of risk assets,” an expert says.

The renamed Janus Henderson Absolute Return Income Opportunities Fund reflects a “team entity, not a single manager,” new lead manager Nick Maroutsos says.

The development is part of an intensifying price war and focuses more attention on the specter of zero-fee funds.

Data reported by the Investment Company Institute.