Credit funds get boost from JP Morgan loss

By Tommy Wilkes
LONDON | Tue Jul 31, 2012 4:18pm IST
(Reuters) – The type of hedge funds that bet against JP Morgan and made money from its $5.8 billion (3.7 billion pounds) “London Whale” trading loss has risen to the top of investors’ buying lists for the coming quarter, a survey showed.
Of 157 investors polled across the globe, 53 percent said they planned to allocate cash to credit relative value funds in the coming quarter, according to Credit …