European Bond Traders Suffer High-Yield Anxiety on Losses

Warning signals are starting to flash for Europe’s biggest money managers as a selloff in the U.S. high-yield bond market shows signs of crossing the Atlantic.

Cordiant Raises $250 Mln to Invest in Emerging Market

Cordiant Capital Inc., a Montreal- based money manager, raised $250 million to invest in emerging market loans as it seeks to replace European and American banks that have cut lending.