Aegon Asset Management U.K. is planning to invest in distressed U.S. housing market assets for its onshore and offshore strategic bond funds. Philip Milburn, a fixed-income manager at the firm, said in an interview, “This is something we are looking at which is a bit different at the moment. If you buy at the top of the capital structure, what you actually want is for foreclosures to accelerate and not decelerate because you actually get paid first.”
