SYZ Asset Management: The investment case for subordinated securities: Five managers’ views

Antonio Ruggeri, manager of the OYSTER European Corporate Bonds fund at SYZ Asset Management, discusses why subordinated bonds are perceived as riskier than they really are and how investors who understand them can be handsomely rewarded. In Fund Strategy, he also notes that the recent increase in CoCos issuance can revitalise the subordinated debt market.