RT Journal Article SR Electronic T1 Practical Applications of Marty Fridson: Risks and Opportunities in High Yield JF Practical Applications FD Institutional Investor Journals SP 1 OP 3 DO 10.3905/cfa.2016.4.1.001 VO 4 IS 1 A1 Martin S. Fridson A1 Gauri Goyal YR 2016 UL https://pm-research.com/content/4/1/1.1.abstract AB Marty Fridson: Risks and Opportunities in High Yield Martin S Fridson Overview High-yield bond guru Marty Fridson warns that investors shouldn’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’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 .