Investors seek profit in Wanda sell-off

Banks may be curtailing their credit lines, but some bond investors view Wanda's recent rollercoaster ride as an opportunity to generate alpha.

Investors seek profit in Wanda sell-off

Contrarian bond investors are hoping to take advantage of Wanda Group’s recent financial and political difficulties, betting that downside risks are containable and relatively short-term.

“There are always political shades of grey when it comes to emerging markets investment,” one US-based fixed-income fund manager told FinanceAsia. “Do we freak out No. But we hope others freak out because we’re investing for the long term.”

This high-risk strategy...

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