The recent struggles of Bill Gross exemplifies the dangers of bond investing

Invest Money Bonds Stocks

Bill Gross is one of the best bond managers of all time, and many followed his lead into unconstrained fixed-income investing, hoping to deliver returns uncorrelated to market benchmarks tracking interest rates. The Janus Henderson fund managed by Gross has turned in worst-in-category performance, highlighting the fact that it is not just stock pickers who have trouble beating the index.

Wall Street wary of 'hunger bonds'

Oliver Twist

The Venezuelan debt that Goldman Sachs bought last month may be known as “hunger bonds” to many in the international community, but they’re earning a different moniker on Wall Street: repudiation bonds.