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November 28, 2018  

Corporate-Bond Shop Keeps Ahead

Junk-bond investor Millstreet Capital just booked its first monthly loss in years, but continues to beat its benchmark.The Boston firm’s Millstreet Credit Fund was down 0.2% in October, bringing its year-to-date return to 8.5%. Both of those figures compare favorably to the HFRI Fixed Income-Corporate Index, which dropped 1.3% in October for a gain of just 0.1% on the year.The last time the Millstreet fund showed a monthly loss was in...

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