ARCHIVE - SPOTLIGHT

Florian Eitner, CFA

Portfolio Manager ,
Outright Convertibles

Florian Eitner, CFA

The Year Ahead in Healthcare Convertible Bonds

by Florian Eitner, CFA

The Healthcare sector has historically comprised a large portion of the convertible bond universe. Currently, Healthcare is represented through 96 convertible securities issues accounting for $40.3bn, or 19.5% of the BAML All Convertibles All Qualities Index (VXA0), making it the second largest sector in the asset class. All major healthcare industries are represented within this opportunity set (shown below: industry as a percentage of overall Healthcare convertible market)…read more

THE STYLE ATTRIBUTES OF CONVERTIBLES ARE ATTRACTIVE

A Style Analysis Report

by Ethan Ganz

Ravi Malik, CFA

Portfolio Manager,

Principal

Ravi Malik, CFA

WHO’S AFRAID OF THE BULL MARKET?
A Case for Convertibles: A Defensive Equity Strategy

by Ravi Malik

The Healthcare sector has historically comprised a large portion of the convertible bond universe. Currently, Healthcare is represented through 96 convertible securities issues accounting for $40.3bn, or 19.5% of the BAML All Convertibles All Qualities Index (VXA0), making it the second largest sector in the asset class. All major healthcare industries are represented within this opportunity set (shown below: industry as a percentage of overall Healthcare convertible market)…read more

Ethan Ganz

Convertible securities are intriguing because they embody elements of a variety of equity and fixed income asset classes. We recently looked at a broad array of asset categories to determine the best, or closest, fit between these asset classes and the BofA Merrill Lynch All Convertibles Index (VXA0). The time period used is from April 1990 to March 2015read more

Ethan Ganz

Associate Portfolio Manager

US EQUITY MARKET ENVIRONMENT

September 2015

The past six weeks has been anything but pleasant for most stock market investors. The S&P 500 is down over 12 % from its previous high, marking the 22nd correction in the S&P 500 since WWII …read more

George M. Douglas, CFA

Chief Investment Officer

George Douglas, CFA

COMMODITY BUST CONTINUES TO DRAG MARKETS LOWER

January, 2016

Equity markets worldwide have declined sharply since the commencement of 2016. This is a result of deteriorating credit markets and a contraction in global liquidity. read more

Dagney Hollander

Portfolio Manager

Ravi Malik, CFA

Portfolio Manager ,
Principal


Portfolio Manager 

Kenneth Raguse, CFA

Portfolio Manager

Equity markets are in the midst of a correction with the S&P 500 down 13% from May 2015 highs. Credit conditions continue to deteriorate with spreads wider than they have been at any point since 2013…read more

Kenneth Raguse Dagney Hollander Ravi Malik, CFA

DOES FINANCIAL MARKET TURMOIL PORTEND A U.S. RECESSION?

February, 2016