Guillaume Bucaille

Guillaume Bucaille of Pictet Asset Management, who bought all four bonds, said: "We have been receiving a lot of new cash from investors searching for yield and have to put this to work."

Guillaume Bucaille, manager of a European high-yield bond fund for Pictet in Zurich, favors leveraged buyout bonds.

"Fallen angels have been the main theme of the last 12 months, but LBO structured bonds tend to have more visibility," Bucaille said.

Guillaume Bucaille, manager of a European high-yield bond fund for Pictet in Zurich, favors leveraged buyout bonds. ."Fallen angels have been the main theme of the last 12 months, but LBO structured bonds tend to have more visibility," Bucaille said.
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Guillaume Bucaille, manager of a European high-yield bond fund for Pictet in Zurich, favors leveraged buyout bonds. ."Fallen angels have been the main theme of the last 12 months, but LBO structured bonds tend to have more visibility," Bucaille said.
...
Guillaume Bucaille, manager of a European high-yield bond fund for Pictet in Zurich, favors leveraged buyout bonds. ."Fallen angels have been the main theme of the last 12 months, but LBO structured bonds tend to have more visibility," Bucaille said.
...
Guillaume Bucaille, manager of a European high-yield bond fund for Pictet in Zurich, favors leveraged buyout bonds. ."Fallen angels have been the main theme of the last 12 months, but LBO structured bonds tend to have more visibility," Bucaille said.

Guillaume Bucaille, manager of a European high-yield bond fund for Pictet in Zurich, has done the math.He figured that there was a 20 percent probability of a sell-off in the high-yield market over the next six months.In other words, Bucaille is cautiously optimistic.."We anticipate a benign environment for high-yield during the first half of 2005," he said.