In the past month or so, I have asked several senior mutual fund industry officials about their personal investments in debt. Of the 16 – a mix of CEOs, equity fund managers, sales executives and risk officers – who spoke, only four said they invest in schemes of fund houses where they work, probably wanting to sound correct. The responses from the rest of the 12 (none of them are debt fund managers) were more interesting. Out of the 12, three said that they invest in fixed income mutual funds, ..
