Saying No When Everyone’s Saying Yes: Steering Clear of Bond Market Mayhem

As a comanager of FPA New Income, Tom Atteberry shared the Morningstar Fixed-Income Fund Manager of the Year Award in 2008. Drawing on those experiences and his decades in the industry, he provides perspective on when and where it’s worth taking bond market risk—and when it’s not. From bond-fund blowups to opportunities that, in retrospect, were hiding in plain sight, Atteberry aims to help investors make better decisions with the bond portion of their portfolios.