Canada's business trust boom is teetering toward bust. What's an IRO to do?
Barbara Gray, an analyst with Blackmont Capital in Vancouver, calls them ‘fallen angels’: business trusts that have cut their distributions. Her feisty research reports compare trusts to the risky high-yield bond market in the US, and her recent 2006 outlook opined: ‘We believe 2006 will mark a turning point in investors’ love affair with business trusts.’ Having got the scent of a short-selling opportunity, hedge funds are sniffing around, as are business reporters.
You need to register to access 3 free deep dive articles per month. To continue reading please register or login below..
- Unlimited deep dives
- Data-driven research around key topics
- Buy-side insights
- Benchmarking reports
From
$1495
