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This fundie is making money on bond price errors

Cecile Lefort

Laura Ryan calls it the impossible house. After seven years of intense technical drawings and conundrums, the fund manager is bracing for a kitchen that runs out of water, toilets on the fritz, and candle-lit dinners.

By day, Dr Ryan is trading basis points for bonds and derivatives bigwig Ardea Investment Management. At night, she is building an off-the-grid house of just 104 square metres in Sydney’s Newtown, with plans to move in mid-year.

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Cecile Lefort is a markets reporter based in the Sydney newsroom. Email Cecile at cecile.lefort@afr.com

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    Original URL: https://www.afr.com/markets/debt-markets/this-fundie-is-making-money-on-bond-price-errors-20240126-p5f0bi