TY - JOUR T1 - Practical Applications of Marty Fridson: <em>Risks and Opportunities in High Yield</em> JF - Practical Applications SP - 1 LP - 3 DO - 10.3905/cfa.2016.4.1.001 VL - 4 IS - 1 AU - Martin S. Fridson A2 - Goyal, Gauri Y1 - 2016/07/31 UR - https://pm-research.com/content/4/1/1.1.abstract N2 - 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 . ER -