By David Absolon, Investment Director at Heartwood Investment Management Diverging from recent trends, the US investment grade corporate market has underperformed US treasuries year-to-date. The yield spread (the difference in interest rates between the Investment grade corporate bond and the equivalent maturity risk-free rate) is at the widest level for a year and has […] Read more »
Crowding in Event Driven of Concern to Investors According to GAM
From Global Asset Management Global themes regained strength in May: global macro and event driven managers led the hedge fund pack May proved a choppy month across asset classes with investor attention focused on issues such as US growth concerns and the Greek solvency question. The US Dollar index was up 2.4%, US […] Read more »
Macro Returns Positive In October As Event Driven Turns Negative For the Year
From Global Asset Management Global markets were volatile in October with equities, credit and bond yields broadly selling-off in the first half of the month before reversing course and rallying into month-end. This volatility and choppiness proved challenging for many investors, including hedge funds, with most cutting their risk by mid-month and therefore not […] Read more »