Alternative Investments… Innovations Driving the Private Credit Landscape 13 Jan 2025January 13, 2025 The global private credit market is experiencing significant expansion and transformation, creating new investment opportunities while also posing regulatory and risk management challenges that stakeholders must carefully navigate. As of…
Asset Allocation… CMBS Special Servicing 19 Nov 2024 The special servicing sector of commercial mortgage-backed securities (CMBS) is a critical component of the CMBS market. It consists of specialized entities, known as special servicers, responsible for managing and…
Asset Allocation… Fixed-Income Strategy: Implications from Recent Events 16 Aug 2023September 19, 2024 In the US, rates markets continue to take center stage with the Treasury curve bear steepening in recent weeks. Yields on the 10-year and 30-year Treasuries reached new year-to-date highs…
Asset Allocation… Positioning Portfolios for An Environment of High Inflation 27 Jul 2022August 5, 2024 Investors should adopt inflation protection as inflation shows few signs of moderating anytime soon and central banks are tightening monetary policy aggressively. Treasury Inflation-Protected Securities (TIPS) can help position portfolios…
Commodities… Uncertainty Clouds the Outlook 24 Mar 2022September 18, 2024 An anti-goldilocks economy refers to the global economy where policymakers are confronted with a stagflationary supply shock, which is negative for growth and will tend to push up inflation further.…
Asset Allocation… Key Macro Themes and the Implications: Time to Pay Attention to Global High Yield Strategy (II) 16 Jun 2016June 17, 2016 The economic recovery has morphed into a meaningful period of expansion. Growth expectations remain favorable. The U.S. consumers’ financial position has improved as asset values have risen. Consumer spending comprises…
Fixed Income… Macro Themes and the Implications: Time to Pay Attention to Global High Yield Strategy (I) 15 Mar 2016May 19, 2016 Key Macro Themes and the Implications Low inflation: Inflation is low but it does not mean inflation is zero. The slow growth in global economy keeps inflation subdued even as…
Fixed Income… High Yield Credit Opportunities Search (II) 23 Oct 2012September 15, 2025 Earlier this month, Bloomberg reported that high yield bond funds hauled in $3.63 billion in investor cash for the week ended September 19 with 40%, or $1.45 billon, of those…
High Yield… One Man’s Junk May Be Another’s Treasure – Junk Bonds Market 27 Aug 2012August 26, 2025 Many companies rated below investment grade are creditworthy enough and should have access to the new issue market. Weaker companies simply could issue new bonds at higher coupons. On one…
Fixed Income… High Yield Fixed Income Searches 9 Jul 2012March 31, 2025 The 9 July 2012 issue of Pension & Investments mentioned that “institutional investors' overhaul of their fixed-income portfolios amid ever-lower interest rates and quantitative easing has fueled an exodus out…