Amid indiscriminate selling, higher-rated, more actively traded loans have faced disproportionate pressure because they are easier to sell.
Anchoring portfolios to the past will not help navigate the path ahead—investors need a new blueprint for fixed income.
Losses from large drawdowns are hard to recoup. That is why we continue to favor a balanced approach to risk.
Sponsors may understand the importance of financial wellness programs, but not their cost-benefit trade-offs.
Can momentum stocks increase investors’ exposure to interest-rate volatility? Short answer: Yes
Recent media reports vilifying the borrower-friendly, covenant-lite structures oversimplify current market complexities.
The rate of IPOs issued by companies with negative earnings has reached all-time highs, reminiscent of the dot-com era when investors over-relied on growth prospects.
As Technology sector weightings approach levels last seen in 1999, investors would be wise to heed that era’s lessons on timing the market.
Fannie Mae and Freddie Mac are finally creating a joint operational platform—here is everything investors need to know.