@article {Fridson1, author = {Martin S. Fridson}, editor = {Goyal, Gauri}, title = {Practical Applications of Marty Fridson: Risks and Opportunities in High Yield }, volume = {4}, number = {1}, pages = {1--3}, year = {2016}, doi = {10.3905/cfa.2016.4.1.001}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Marty Fridson: Risks and Opportunities in High Yield Martin S Fridson Overview High-yield bond guru Marty Fridson warns that investors shouldn{\textquoteright}t fall back on the conventional thinking to shorten maturities when long-term interest rates begin a cyclical rise. In an interview with Institutional Investor Journals, Fridson offers an interesting analysis of two prior periods of rising bond yields where shortening maturities didn{\textquoteright}t work. Counter-intuitively, high-yield investors will be better positioned in this cycle by considering lower-rated bonds and making selective industry picks, he advises. Fridson presented his views at the 69th CFA Institute Annual Conference .}, issn = {2329-0196}, URL = {https://pa.pm-research.com/content/4/1/1.1}, eprint = {https://pa.pm-research.com/content/4/1/1.1.full.pdf}, journal = {Practical Applications} }