2.5 Alternative investments may enhance cash yields An indiscriminate selloff across fixed income may DANIEL O’DONNELL Global Head of have created potential opportunities in income- Alternative Investments generating alternative investments. For suitable investors, we believe certain strategies may offer MICHAEL YANNELL Head of Hedge Fund Research diversified ways to enhance portfolio income. ƒ The great bond selloff has expanded the universe of debt trading at stressed or distressed levels. ƒ Given difficulties in issuing fresh debt, some companies may have to find other ways to raise capital ƒ Forced selling of debt by certain holders creates potential opportunities for specialist strategies ƒ We believe managers specializing in credit underwriting, the ability to facilitate capital solutions, and those with distressed restructuring expertise may be best placed for opportunities Citi Global Wealth PUTTiNG YoUr CASH To worK iN A HiGHer rATe eNviroNMeNT | | 45 Investments