Fixed income

As liquidity disappeared amid the coronavirus-sparked mayhem, veteran fixed-income portfolio manager Gemma Wright-Casparius saw opportunities.

One French trade group reports that the country’s managers reduced research budgets by as much as 75% between 2017 and 2019.

For better or worse, investors have mostly turned around the fortunes of risky assets entirely on their own.

Crush of inflows to money-market funds has come even as the funds’ own yields approach zero.

Economic damage wrought by the coronavirus has not stopped investors from piling into the companies able to churn out profits in the stay-at-home world.

Brokers and fund managers are turning to innovation to remain competitive and capture new customers.

Citadel Securities is humming at record pace as the coronavirus upends finance, moving dozens of employees and their families to a work-from-resort bubble.

There are appealing methods to shift investments “upstream” to aging parents or “downstream” to grown children.

With few corners of the fixed-income industry safe from harm, investors’ faith in managers appears to be intact — for now.