News Snapshot:
WHEN global bond markets dipped in February, fund manager John Stover dove in, predicting a rebound, only to watch prices collapse as the coronavirus pandemic raged on. Mr. Stover kept buying. “It never feels good to buy at the bottom or when things are going down,†he recalled earlier this month, describing hasty phone calls to portfolio companies checking how much money they had left. The bargain hunting as panicked investors hit the sell button helped Stover’s $50-million Tribeca Vanda Asia Credit Fund gain almost 21% this year as government stimulus kicked in — well above the Bloomberg Credit Multi-Strategy...
