What the fuss is about

It's hard to find a gutsier bond investor than Dan Fuss. The Loomis Sayles & Co money manager, armed with some $15bn of fixed income assets, has made a career of buying debt others wouldn't dream of owning. There he was in the late 1980s, buying up the Latin American securities others were desperate to unload. In 1998, he was dabbling in volatile New Zealand debt and binging on crisis-plagued South Korean and Malaysian bonds while the herd was charging the other way. In late 2000, Fuss nibbled on the US corporate bonds that gave most investors indigestion. The credit crunch others feared ...