Insight | January 31, 2023
The potential for higher yields and protection from volatility make a compelling case for short duration bonds
Insight | January 30, 2023
It is not surprising that the markets took a breather this week, with Asia “out of office,” celebrating the Lunar New Year, the Federal Reserve (Fed) in a blackout period ahead of its committee meeting on the 1st of February, and the “melt-up” in capital markets since the start of the year.
Viewpoint | January 17, 2023
In our somber-minded daily world of earning a living we occasionally wander into a dreamworld of a living earned for us.
Snapshot | January 10, 2023
US and European credit delivered modestly negative returns in December on the back of hawkish commentary from the Federal Reserve (Fed) and European Central Bank (ECB) and potential recession concerns.
Viewpoint | January 4, 2023
Despite the changing macroeconomic backdrop we believe new opportunities are emerging for private lenders globally.
Viewpoint | January 3, 2023
Given significant moves in 2022, we believe credit markets offer attractive carry, and we expect the excess return outlook to be positive in 2023.
Insight | October 12, 2022
After a significant sell off in credit markets, yields have reached levels that we believe should protect investors from future volatility while providing an attractive income stream.
Insight | October 10, 2022
Despite a weakening macroeconomic backdrop, valuations in European high yield have reached what we believe to be interesting levels. Is now a good time to consider an allocation?
Analysis | September 8, 2022
The China high yield market experienced a rapid recovery in August. What’s changed?
Analysis | July 20, 2022
Following a difficult first half for credit markets, we believe it may be worthwhile adding credit to portfolios, especially US high yield credit.
Analysis | July 15, 2022
What is causing the current weakness in the Chinese high yield credit markets?
Analysis | June 22, 2022
Despite the heavy price action we have witnessed in the high yield market since the start of the year, we believe high yield investors should hold firm and potentially consider adding to their exposure at what we believe could be an attractive entry point into the asset class.
Viewpoint | May 13, 2022
The growth of non-bank financial intermediation (“NBFI”) is a clear worldwide trend over the last 15 years.
Analysis | March 14, 2022
With the tragedy unfolding in Ukraine and persistent concerns about inflation, fear has now started to replace greed in markets, which may create interesting opportunities for long term investors. It is very difficult to time markets, but we believe a focus on fundamentals during periods of volatility helps provide a framework for good decision making.
Analysis | March 4, 2022
Putin’s attack on Ukraine is having wide-reaching consequences for global financial market as investors reconsider their options
Viewpoint | February 22, 2022
Against a backdrop of economic recovery but the prospect of rising interest rates, where can credit investors look for yield while protecting themselves from interest rate risk?
Insight | February 18, 2022
The recent relaxation of Chinese property sector regulations, a lack of inflationary pressure, stronger external positions vs. the 2013 Taper Tantrum
Analysis | February 10, 2022
Despite a shaky start to the year for risk assets, emerging markets have held up relatively well and we believe offer encouraging investment opportunities which are backed by economic recovery.
Analysis | February 8, 2022
Will developed market central banks follow their emerging market counterparts in combatting inflationary pressures?
Analysis | February 1, 2022
Caution Warranted as Rates Moves and Higher Inflation Cloud the Outlook for Credit.