Baer bond funds suffer downgrade

Julius Baer's asset management division has suffered drops in the credit rating of seven of its bond funds on the day shareholders voted on a proposal to make it independent.

Ratings agency Moody's, which downgraded the seven bond funds, said its concerns were mainly related to the quality of corporate credit owned by the funds

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Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout FirmsExternal link

Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout Firms