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Financial Times/Attracta Mooney/6-6-2020
“Fidelity International boss Anne Richards has warned that the asset management industry will struggle to provide enough capital to fix the solvency problems public businesses face as economies emerge from lockdown.”
USAGOLD note: This problem of solvency with respect to corporate bonds keeps coming up among top asset managers. One of the largest, Fidelity, has now issued that same warning.