One Hedge Fund Strategy That's Working

Investor interest is growing among hedge funds in a trade in US municipal bonds called muni arbitrage. Investors have seen tax-free gains of more than 3 per cent so far this year, and more than 8 per cent....

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By: Stephen Harris
June 29, 2005
Investor interest is growing among hedge funds in a trade in US municipal bonds called muni arbitrage. Investors have seen tax-free gains of more than 3 per cent so far this year, and more than 8 per cent....