One of the dirty secrets
of bond management is that after adjusting for default risk, the # 1 predictor of the return you will get is the yield on the portfolio.
Not exact matches
Bond & Specialty Insurance —
Bond & Specialty Insurance provides surety, fidelity,
management liability, professional liability, and other property and casualty coverages and related risk
management services to its customers in the United States and certain specialty insurance products in Canada, the United Kingdom, the Republic
of Ireland and Brazil, utilizing various degrees
of financially - based underwriting approaches.
Thanks to that anchor tenant, which is locked into 10 - year - plus leases, Thomas Dicker, a portfolio manager with 1832 Asset
Management, thinks
of Crombie as more
of a
bond than a stock.
«Following the U.K. election, the relative risk investors saw in European
bonds came back and as the situation in Greece develops, risks will hopefully unwind and as we move into a certain environment, we can expect
bond markets to continue to normalize,» Thomas Buckingham, portfolio manager
of the European Equity Group at JP Morgan Asset
Management, told CNBC on Monday.
Analysts who spoke to Reuters on Monday said some
of their investor clients want Goldman
management to outline a specific plan for how the bank will make up for falling
bond revenue and drive returns higher.
NEW YORK (Reuters)- Wary
of brokers who make their money by «riding the calendar»
of new stock and
bond issues rather than patiently building the firm's wealth
management business, Morgan Stanley is cracking down where it hurts the most: compensation.
In this regard, our surveillance has been closely monitoring for any signs
of liquidity strains associated with the recent increases in spreads for high - yield corporate
bonds, as well as for idiosyncratic events affecting particular funds in this segment, such as the events surrounding the abrupt closing
of Third Avenue
Management's Focused Credit Fund last December.
More broadly, the regulatory agencies in the United States and the Financial Stability Board internationally have work under way focusing on possible fire - sale risk associated with the growing share
of less liquid
bonds held in asset
management portfolios on behalf
of investors who may be counting on same - day redemption when valuations fall.
It was «Bonddependence Day,» a celebration to mark the date in 2015 when the senior executives
of Bond completed a
management buyout from Maritz Inc..
Clockwise from left: Hannah Grove, Chief Marketing Officer; Karen Keenan, Chief Administrative Officer; Liz Roaldsen, EVP, responsible for leading the Beacon digital transformation initiative; Lynn Blake, Chief Investment Officer
of Global Equity Beta Solutions; (on monitor from Dublin) Susan Dargan,
Management and future development, offshore business and Alternative Investment Services; (on monitor from London) Maria Cantillon, EVP and Global Head
of Alternative Asset Managers Solutions; Martine
Bond, EVP for Trading and Clearing; Kim Newell, EVP and head
of Global Markets Europe, Middle East and Africa, State Street; Brenda Lyons, Head
of the Specialized Products Group; Kathy Horgan, Chief Human Resources and Citizenship Officer; and Lori Heinel, Deputy Global Chief Investment Officer.
More generally, the prospect
of a decade or more
of zero real returns on «safe»
bonds poses a huge structural challenge to the fund
management industry.
September 2003 (188 kb PDF file): Research summaries on sovereign
bonds and public debt
management and on international trade; country study: Sweden; summaries
of new study on deflation and recent book: Sweden's Welfare State; contents
of latest issue
of IMF Staff Papers; visiting scholars at the IMF; titles
of recent IMF working papers; list
of external publications by IMF staff.
«People purchase
bond funds when they are looking for a safe way to get returns,» said Charles C. Scott, president
of Pelleton Capital
Management in Scottsdale, Ariz. «However,
bond funds can be somewhat risky when interest rates rise, and the
bond funds lose some
of their principal value.»
Many even offer target date funds, which are an all - in - one investment consisting
of a mix
of stocks,
bonds and other assets that is managed by the firm that runs the fund and require little to no
management on your part.
A
bond allocation comprised primarily
of individual
bonds provides much more flexibility as it relates to duration
management and tax efficiency.
In other words, convertibles are uniquely positioned to offer the growth potential
of stocks, but with the income and downside risk
management characteristics
of traditional
bonds.
Many
bonds trade at negative yields because the European Central Bank (ECB) and the Bank
of Japan (BOJ) continue to buy
bonds as part
of their
management of monetary policy.
High - yield
bonds are in the eighth year
of an investment cycle that has seen assets under
management grow threefold, to $ 300 billion, so interest among investors remains high.
The CEO
of the
bond giant PIMCO, which has $ 1.3 trillion in assets under
management, quoted Fed Chairman Ben Bernanke when saying, «We are living in unusually uncertain times.»
But concerns about FX risk
management were far from eliminated and the experience reinforced the importance
of having local currency
bond markets and well - functioning FX hedging markets.
As COO, he had full responsibility for all Portfolio
Management, Investment Research and Office Operations of the firm, designing and developing new products for the firm in the asset classes of preferred shares and common stock, in addition to his responsibility for the firm's Government bond portfolios under management (over $ 1.7
Management, Investment Research and Office Operations
of the firm, designing and developing new products for the firm in the asset classes
of preferred shares and common stock, in addition to his responsibility for the firm's Government
bond portfolios under
management (over $ 1.7
management (over $ 1.7 billion).
My colleague Martin Small in a recent blog post shed some light on why size does not equal risk in the
bond market, which is one
of the most common misunderstanding
of index
management.
Albright Capital
Management, a Washington - based hedge fund backed by former Secretary
of State Madeleine Albright, has raised about $ 75 million in recent months to buy up
bonds of debt - strapped companies in places like Latin America, Africa, India, Russia and Asia, filings show.
By Jennifer Ablan and Jonathan Stempel (Reuters)- Famed
bond investor Bill Gross has sued his former employer Pacific Investment
Management Co and its parent Allianz SE for $ 200 million, claiming he was wrongfully ousted by a «cabal»
of executives who wanted his share
of the bonus pool.
The government also needs to refinance a 1 billion - euro
bond maturing in November and a smaller yen note due in July, according to data on the website
of the debt -
management agency, known as AKK.
The debt -
management agency failed to raise the planned amount
of debt at four auctions in the past month and scrapped one
bond - exchange auction.
RBC Global Asset
Management Inc. today announced that effective January 25, 2016, the name
of RBC Monthly Income High Yield
Bond Fund will change to RBC Strategic Income
Bond Fund...
RBC Global Asset
Management Inc. today announced April 2014 distributions for unitholders
of RBC 1 - 5 Year Laddered Corporate
Bond ETF, RBC Target Maturity Corporate
Bond ETFs and RBC Quant Dividend Leaders ETFs...
She previously served as co - head and senior portfolio manager in charge
of the Montgomery fixed - income division at Wells Capital
Management; a senior
bond strategist at Goldman Sachs; and managing director responsible for the global fixed - income research and economics department at Credit Suisse First Boston.
2014.04.28 RBC Global Asset
Management Inc. launches new Global Equity Focus Fund, International Equity Currency Neutral Fund and Series T5 Global Convertible
Bond Fund RBC Global Asset
Management Inc. (RBC GAM) announced today the launch
of RBC Global Equity Focus Fund, RBC International Equity Currency Neutral Fund and Series T5 units
of BlueBay Global Convertible
Bond Fund...
2014.11.21 RBC Global Asset
Management Inc. announces final valuation
of RBC Target 2014 Corporate
Bond Index ETF RBC Global Asset
Management Inc. today announced the final valuation
of the RBC Target 2014 Corporate
Bond Index ETF (TSX: RQB)...
RBC Global Asset
Management Inc. (RBC GAM) today announced final details regarding the scheduled maturity
of RBC Target 2016 Corporate
Bond Index ETF (TSX: RQD)...
2015.12.10 RBC Global Asset
Management Inc. announces fund name change RBC Global Asset
Management Inc. today announced that effective January 25, 2016, the name
of RBC Monthly Income High Yield
Bond Fund will change to RBC Strategic Income
Bond Fund...
The new - issue
bond market is expanding (Shin (2013)-RRB- and assets under the
management of investment funds that promise daily liquidity are growing rapidly - as suggested by the increasing presence
of exchange - traded funds in corporate
bond markets in recent years (see also Box 2).
2014.09.15 RBC Global Asset
Management Inc. announces RBC ETF monthly cash distributions for September 2014 RBC Global Asset
Management Inc. today announced September 2014 distributions for unitholders
of RBC 1 - 5 Year Laddered Corporate
Bond ETF, RBC Target Maturity Corporate
Bond ETFs and RBC Quant Dividend Leaders ETFs...
2016.04.05 RBC Global Asset
Management Inc. closes PH&N High Yield
Bond Fund to New Investors RBC Global Asset
Management Inc. today announced that as
of April 7, 2016, PH&N High Yield
Bond Fund («the Fund») will be closed to new investors...
RBC Global Asset
Management Inc. today announced September 2014 distributions for unitholders
of RBC 1 - 5 Year Laddered Corporate
Bond ETF, RBC Target Maturity Corporate
Bond ETFs and RBC Quant Dividend Leaders ETFs...
2016.09.15 RBC Global Asset
Management Inc. announces final details on maturity
of RBC Target 2016 Corporate
Bond Index ETF RBC Global Asset
Management Inc. (RBC GAM) today announced final details regarding the scheduled maturity
of RBC Target 2016 Corporate
Bond Index ETF (TSX: RQD)...
2014.05.14 RBC Global Asset
Management Inc. announces RBC ETF monthly cash distributions for May 2014 RBC Global Asset
Management Inc. today announced May 2014 distributions for unitholders
of RBC 1 - 5 Year Laddered Corporate
Bond ETF, RBC Target Maturity Corporate
Bond ETFs and RBC Quant Dividend Leaders ETFs...
2016.03.15 RBC Global Asset
Management Inc. announces maturity date
of RBC Target 2016 Corporate
Bond Index ETF RBC Global Asset
Management Inc. today announced that the RBC Target 2016 Corporate
Bond Index ETF (TSX: RQD) will mature on Friday, November 18, 2016...
The trend can be seen in both the supply
of and demand for market - making services, and reflects both post-crisis cyclical conditions (such as diminished bank risk appetite and strong
bond issuance) and structural changes in the markets themselves (such as tighter risk
management or regulatory constraints).
RBC Global Asset
Management Inc. today announced May 2014 distributions for unitholders
of RBC 1 - 5 Year Laddered Corporate
Bond ETF, RBC Target Maturity Corporate
Bond ETFs and RBC Quant Dividend Leaders ETFs...
2015.04.20 RBC Global Asset
Management Inc. launches two new investment solutions RBC Global Asset
Management Inc. (RBC GAM) today announced the launch
of RBC Balanced Growth & Income Class and BlueBay $ U.S. Global Convertible
Bond Fund (Canada), two new investment solutions within RBC GAM...
RBC Global Asset
Management Inc. today announced the final valuation
of RBC Target 2016 Corporate
Bond Index ETF (TSX: RQD)...
The resulting deregulated and unregulated institutions have brought us one financial crises after another — the savings and loan scandal, the bubble and bust in Real Estate Investment Trusts, the collapse
of the hedge fund, Long Term Capital
Management, which threatened to set off a daisy chain
of bond defaults, and more.
Richard Gilmartin
of Wellington
Management provides an update on the global
bond market and the World Bond F
bond market and the World
Bond F
Bond Fund.
With a personalized portfolio
of stocks,
bonds, mutual funds, and exchange - traded funds, we'll help you invest your assets or those
of your trust using tax - sensitive investment
management techniques.
He also works as a Fixed - Income Portfolio Manager on the Financial Reserves
Management Team, focusing on maximizing relative - value opportunities in the municipal
bond portion
of these portfolios.
12-10-2010 Resignation
of Chairman 11-10-2010 Caledonia Mining Announces Third Quarter 2010 Results 10-21-2010 Caledonia Mining Announces the Commissioning
of the No. 4 Shaft Project 08-26-2010 Caledonia Mining Announces the Completion
of the Underground Installations on the No. 4 Shaft Project 08-18-2010 Caledonia Option Exercise Prices Reduction Becomes Effective 08-12-2010 Caledonia Mining 2010 Second Quarter and Half Year Results and
Management Conference Call 06-14-2010 Caledonia Commissions the First Standby Generator at Blanket Gold Mine in Zimbabwe 05-14-2010 Caledonia Mining First Quarter 2010 Results 05-06-2010 Caledonia Installing a Standby Generator at Blanket Gold Mine in Zimbabwe 03-31-2010 Caledonia Mining 2009 Fourth Quarter and Annual Results and
Management Conference Call 02-12-2010 Government
of Zimbabwe sets out Regulations for Indigenisation 01-29-2010 Reserve Bank
of Zimbabwe Defaults on
Bond Repayment to Caledonia Mining and update on timeline for completion
of No. 4 Shaft Expansion
David Swensen offers a savage takedown
of junk
bonds in his book Pioneering Portfolio
Management.