Short-Duration High Income Bonds as a Defensive Building Block: Portfolio Manager Jim Dudnick discusses where and when to consider short-duration high yield.

In his first month back in office, Donald Trump has embarked on multiple opening salvos of a trade war. What does this more aggressive approach to international trade mean for U.S. equities—and investors? It’s complicated.

Equities fell and the yield curve flattened as tariffs took center stage during the week.

Equities fell and the yield curve flattened as tariffs took center stage during the week.

While high starting yields should provide a buffer against potential volatility, credit selection will be critical as dispersion within and across sectors increases.

Enterprise values of private and public companies are correlated but their movements over time are caused by different factors.

Screening for high levels of excess capital is a good starting point for finding winners—but persistent stock picking comes from fundamental analysis to identify companies that best use their dry powder.

China’s DeepSeek breakthrough shocked the markets, but some in the AI industry took it in stride. When you peek under the hood, there’s plenty of good news.

While high starting yields should provide a buffer against potential volatility, credit selection will be critical as dispersion within and across sectors increases.

​​Recent liquidity events related to portfolio companies in which PIF invests through its private equity holdings​.