Elevated volatility is here to stay, and that means many risk assets may become oversold, providing opportunities for investors to profit from mispriced risks.
June’s decline in funded ratios reinforced the need for pension plan sponsors to de-risk portfolios through higher fixed income allocations.
In Q2 2022, US CLO tranches were not immune from the macro volatility and broader market sell-off.
January 1, 2022 marked a significant milestone in the transition from LIBOR to alternative reference rates.
Knowing the stakes, the Fed is likely to keep surprises to a minimum.
A research framework to help investors understand how securitized credit fits into a broader investment portfolio.
In the drive for ESG investing, a gap has arisen between corporate bond and securitization markets. We see this as an opportunity to blaze new trails and influence better outcomes for investors, the environment and society.
The U.S. Federal Reserve met expectations and increased interest rates by 25 basis points.
A new form of financing – commercial property assessed clean energy (CPACE) – to help property owners reduce energy consumption is gaining momentum, offering investors potentially attractive yields and aligning with ESG interests.
The devastating events that continue to unfold in the conflict between Ukraine and Russia have led to steep price declines in both countries’ financial markets.
The market’s expectations for curve flattening may be excessive, as the timing of rate hikes and the aggressiveness of the Federal Reserve are still open to debate.
The fundamental and technical loan picture remained favorable in Q4-2021, supporting CLO performance with sustained improvement in structural/market value metrics.
Improved funded status is driving conversations around the inclusion of non-traditional fixed income assets in ALM modeling, including investment grade private placements, CMLs and CMOs.