Insights

Alpha Engine Perspectives

February 16, 2018•3 min read

China’s Bond Markets – Two Reasons Why the Year of the Dog Might Have Some Bite

The Year of the Dog may not be known for being the most auspicious, but for China’s local, renminbi-denominated bond[…]

Global Fixed Income

Alpha Engine Perspectives

February 9, 2018•6 min read

How the Spike in Volatility Punctured the “Short Vol” Trade

For most investors, it’s pretty unsettling to hear that the market’s “fear gauge” is suddenly on a tear. But that’s[…]

Full Discretion

Alpha Engine Perspectives

October 27, 2017•2 min read

Don’t Cry for the Argentine Peso

The Argentine peso has depreciated by more than 40% since 2015, but I believe it is due for stabilization and[…]

Full Discretion

Alpha Engine Perspectives

August 18, 2017•3 min read

Avoid Being “Burned” by Bank Loans

When talking with potential investors, a refrain we often hear is “I was burned by bank loans before, and now[…]

Full Discretion

Research Insights

August 11, 2017•3 min read

Oil Price Volatility: Are We Out of the Woods Yet?

What’s my advice on oil price volatility? Hang in there. The good news—we’ve been through this before. The bad news—we’ve[…]

Credit Research

Uncategorized

June 21, 2017•4 min read

Is OPEC Irrelevant?

In late May, OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC oil producers agreed to extend production cuts through[…]

Credit Research

Alpha Engine Perspectives

June 2, 2017•3 min read

Commodity and Emerging Market Performance – Is This Divergence Sustainable?

Emerging market (EM) assets were hit hard by the crash in commodity prices in 2014-2015, but so far this year,[…]

Alpha Strategies

Alpha Engine Perspectives

May 12, 2017•3 min read

European Banks: Be Mindful of Risks in 2017

European banks seem to be on an upward trajectory – although improvements are likely to come at a slow pace[…]

Global Equity Opportunities

Alpha Engine Perspectives

May 12, 2017•2 min read

BB-Rated Bank Loans Can Make It Better: Reducing Volatility, Drawdown Risk

Our bank loan team has long believed that BB-rated bank loans can be very attractive to asset allocators who wish[…]

Full Discretion

Market Commentary & Outlook

May 12, 2017•3 min read

Equity Earnings: Where Will We Run in 2017?

The burning question for equity investors is: what will happen to earnings in 2017?

Market Commentary & Outlook

May 11, 2017•2 min read

Italy Rejects Constitutional Reform Referendum

Italy rejected Prime Minister Matteo Renzi's constitutional reform in Sunday’s referendum, as polls had predicted.