Leading investors in the $8 trillion U.S. corporate bond market are getting louder in expressing their frustrations.
Executives from Vanguard Group Inc., AQR Capital Markets, State Street Global Advisors and Loomis Sayles & Co. all contributed to a mission statement outlining changes they view as necessary to make it easier to buy and sell debt.
The group presented its plan Wednesday during a panel discussion in Boston at the Fixed Income Leaders Summit. Chris White, who created the GSessions bond-trading platform while at Goldman Sachs Group Inc. and has since founded the market structure consulting firm ViableMkts, moderated the panel.
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