Sentences with phrase «bond manager does»

And so, with mortgage bond deals, even more than corporate bond deals, liquidity is but for a moment, and that affects everything that a mortgage bond manager does.
The bond manager doesn't have to think about the credit if he knows the guarantor is good.
When the market is that hot, a corporate bond manager does not have time to ask the credit analyst what he thinks about a given company.

Not exact matches

So, when an economist or bond fund manager makes an accurate forecast about Treasury yields, his or her clients are probably doing very well.
«People didn't get their fill and they're still hungry for the bonds,» said Robert Arnold, a New York - based portfolio manager at TwentyFour Asset Management, which manages $ 16 billion.
Furthermore, the 1 percent you pay to your money manager doesn't always cover the costs of buying and selling the stocks and bonds in your portfolio or the sales charges (also known as loads) and administrative fees charged by the mutual funds your manager puts you into.
While that sounds obvious, managers are usually puzzled when they find out that, despite spending so much time in the same place, employees don't immediately bond with one another.
Instead of financing Social Security and Medicare out of progressive taxes levied on the highest income brackets — mainly the FIRE sector — the dream of privatizing these entitlement programs is to turn this tax surplus over to financial managers to bid up stock and bond prices, much as pension - fund capitalism did from the 1960s onward.
Given the whipsaw that I experienced in 2002 when the ratings agencies went from long - to short - term, I can tell you it did not add value, and that most bond manager that I knew wanted stability.
«Bond might have something to do with this craze,» says Lauren Guest, Matthew Clark's insight manager.
Since most mutual funds have a team of fund managers doing the actual research and selecting individual stocks or bonds that make up the mutual fund portfolio, most of the hard work will already be done for you.
That's one reason why as a corporate bond manager, I would share more data with my brokers than most would do, because I knew that the last 20 % that I reserved was the real gold.
Many bond managers like to own RMBS for its high credit quality, liquidity, and attractive yields, but the problem is this: when interest rates move, the RMBS does what you don't want to see happen.
Same thing as a bond manager, I would drop out out if the new yield did not meet my yield needs.
Rather than put forth a costly effort to be known, it is cheaper to get the bonds wrapped by a well - known guarantor; not only does it increase perceived creditworthiness, it increases liquidity, because portfolio managers can skip a step in thinking.
If the fund managers buy or sell various bonds within the portfolio, their must be a sound financial reason for doing so.
Other institutions may not eschew returns as overtly, but bond market participants such as pension funds and reserve managers do also look to the bond markets with a different angle than traditional bond fund investors.
Back when I was exclusively a bond manager, 2001 - 2003, which I chronicled in my series «The Education of a Corporate Bond Manager,» I successfully struggled with one concept: when do you try to add more yield to your portfolio, and when don't bond manager, 2001 - 2003, which I chronicled in my series «The Education of a Corporate Bond Manager,» I successfully struggled with one concept: when do you try to add more yield to your portfolio, and when donmanager, 2001 - 2003, which I chronicled in my series «The Education of a Corporate Bond Manager,» I successfully struggled with one concept: when do you try to add more yield to your portfolio, and when don't Bond Manager,» I successfully struggled with one concept: when do you try to add more yield to your portfolio, and when donManager,» I successfully struggled with one concept: when do you try to add more yield to your portfolio, and when don't you?
Think of it like this: no one celebrates an equity fund manager who outperforms a bond fund, because it doesn't take skill to simply accept stock market risk.
The only investors who didn't get hit in 2008 were those lucky few who happened to be invested in U.S. government bonds or cash — and a few hedge fund managers.
When I was an institutional bond manager, I would watch the results of trading on the slow days, because it would give a clue to what the «big guys» were doing.
@Jerry, I agree that today the main risk in bonds is duration risk (AKA interest - rate risk)-- last weekend's Barron's has an interview with the UBS Wealth Management top managers pointing out this means convincing investors to switch from Treasuries and investment - grade corporates to well - selected junk (HYLD is a jewel there — DO N'T go for index funds in bonds, very differently from ones in stocks they make no sense... where's the sense in wanting to lend more to companies which are more indebted?!
In David's inaugural column on Amazon money and markets «Trees Do Not Grow To The Sky», he calls attention to: «If interest rates and inflation move quickly up, the market value of the bonds that you (or your bond fund manager) hold can drop like a rock.»
Bottom line: Bond ETFs do have portfolio managers, and a skilled one will work to minimize tracking error on an ongoing basis so that investors get the exposure they're seeking.
Equity and Income Fund Manager Gary Cloud shares his thoughts on corporate bonds, where he is finding selective opportunities in the energy and materials space, and what he thinks the Fed will do this year.
Active bond managers focused on the short end of the yield curve did far better than their counterparts focused on equities and other pockets of the bond markets.
I did very well as a corporate bond manager for two short years, but in early 2003 my boss gave me an ultimatum, «Move up to the main office in Burlington, VT, or you are severed.»
That isn't to say you shouldn't expect your bond managers to be working hard to make the best of the opportunities out there but with this as a starting point there is a limit to what we can do.
William H. Gross, the manager of the country's largest bond mutual fund, has a solution for that: He is offering to do it free.
Got ta do more research; this would be a lot easier if I were back to being an institutional bond manager, and had a better sense of the bond market pulse.
Personally, I don't think Gundlach makes his money that way for his funds, but in case he does, how should a good bond manager view junk bonds?
As their corporate bond manager, before I left, I sold down positions like that that my replacement might not understand, but I did not control the MHABS portfolio then, and so I could not do that.
That said, it was even more precious when I tried to explain what I did as a corporate bond manager to my kids seven years ago (100 phone call per day), and the then eight - year - old said, «It's like ordering pizza all day, right?»
the high yield manager sold them a small amount of the bonds, and we didn't hear from them again.
When I became a corporate bond manager in 2001, one of the first things I began to do was sell away all of my automaker bonds.
A valid concern that arises is what happens if investors do decide investment grade bonds should no longer be part of their diversified investment portfolio and start instructing their bond fund managers to sell their holdings and return their cash.
Fund managers said the metal was bid up on expectations of further U.S. monetary easing and that bullion could sell off if Federal Reserve chairman Ben Bernanke does not announce a new bond - buying stimulus program at an annual Fed conference in Jackson Hole, Wyo., on Friday.
A good bond manager has already decreased the portfolio duration (selling long term bonds to buy more short term bonds) to make sure that the bond fund doesn't drop drastically.
«There are still some good people there — Dan Ivanscyn was named bond fund manager of the year — but I didn't go in his fund.
When I was made a corporate bond manager in 2001, I didn't know much.
Like the «Rip» portfolio, robos do just about everything sophisticated money managers do: variants of a standard portfolio consisting roughly of 60 per cent stocks to 40 per cent bonds, with the precise proportions varying with age, risk tolerance and investment objectives.
As opposed to their Canadian equity portfolio management brethren, Canadian bond managers should do reasonably well after the FPL is removed.
Our portfolio manager argues that rising rates do not spell doom for short - term bonds.
When I was a bond manager, I would lend to the uppermost holding company, knowing that the stockholders did not want to hand their profitable company over to me.
More on MoneyWatch: Active Bond Managers Fare No Better The Economy Isn't the Same as the Market Why the Concern over Negative TIPS Yields Is Overblown When Dollar - Cost Averaging Makes Sense When Dollar - Cost Averaging Doesn't Make Sense Hear Larry Swedroe discuss current investment trends and topics every Sunday at noon on 550 AM KTRS in St. Louis or streaming via the KTRS Web site.
When I was a risk manager and bond manager for a life insurance company (at the same time, dangerous, but great if done right) I had to have models that drove yields on corporates from Treasury yields.
Though I was only a corporate bond manager for two very special years, where I did well against a tough market, the way I did business helped us to do well, by being ethical above all else.
When I was a mortgage bond manager, I did my own work.
Suppose we had seven guys in the room, an economist, a guy from a ratings agency, an actuary, a guy who does capital structure arbitrage, a derivatives trader, A CDO manager, and a guy who does nonlinear dynamic modeling, and we asked them what the spread on a corporate bond should be.
Also, if you bought the underlying and held them to maturity, then your potfolio would start out with a long duration and grow shorter over time (Unless you keep buying bonds the same way the mutual fund manager does).
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