Birch Grove Credit Strategies Prepares For Rising Rates As Fed Hike Odds Hit 100 Percent

With interest rate futures now pointing to more than a 100% chance of a rate increase in December, Birch Grove Credit Strategies hedge fund is making preparations for how to handle a rising rate environment. The three-year-old New York-based Long / Short credit fund is up 3.49% year to date and has laid plans to fight lower bond prices in a portfolio that is overwhelmingly long, according to letter to investors reviewed by ValueWalk. Also see JHL: A One Percent Rate Hike Could Cause A $10 Trillion Crash Q3 2016 hedge fund letters Birch Grove Credit Strategies – Fed fund…