First Trust High Income Long/Short Fund is a mutual fund focusing on high-yield, below-investment grade corporate fixed-income securities worldwide. Managed by First Trust Advisors and co-managed by MacKay Shields LLC, it aims to generate income through a mix of corporate bonds, debentures, notes, and commercial papers. Employing a long/short strategy based on fundamental analysis, the fund evaluates securities on various factors including credit quality and market influences. It benchmarks its performance against the Bank of America Merill Lynch U.S. High Yield Master II Constrained Index and was established in 2010 in the United States.
Herman Minsky was an American economist and a professor of economics at Washington University and Bard College. He was one of the first economists to successfully explain the gross inflation “malaise” of…
