Junk Bondholders Step Up Measures to Boost Protections in Europe

High-yield bond buyers in Europe are considering new measures to protect their investments after previous efforts floundered.

They may issue an annual statement of principles for the junk bond market, said Martin Reeves, head of global high yield at Legal & General Investment Management, which manages about 757 billion pounds ($1.07 trillion). The statement would accompany anopen letter published last year by more than 20 asset managers including AllianceBernstein LP and Schroders Plc. Read more

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