credit

The 24th Prime Minister of Australia and the 2023 bond market may not have a lot in common at first glance.

Like any good millennial, I have seen my fair share of zombie movies and television shows. Take The Walking Dead for instance, in which the world is brought down by a...

After a good 13-year bull run for global equities markets, the party has stalled - even if only temporarily - as higher rates take a hit on the sky-high valuations....

The docile bond market of the past 20+ years is gone. As many professional managers, allocators and advisors have been burned this past year, we expected...

On December 15 last year, the US Federal Reserve expected its near-zero cash rate (known as the Federal funds rate) to rise only modestly to 0.9 per cent by the end...

The Weekly S&P500 ChartStorm is a selection of 10 charts that I handpicked from around the web and from Twitter posts. The purpose of this wire is to add extra...

One of the interrelationships often utilised by investors in more credit heavy portfolios is that interest rates will provide a level of protection against ‘risk off...

The '90s were a golden period for distressed debt investors in the US, with big names such as Oaktree Capital and Elliot Management being forged during this firesale....

Bank traders have frequently reported AA to AAA rated State government bonds (or semis) have been increasingly behaving like a "safe-haven" asset as the spreads they...

The market is projecting the Australian cash rate to rise to 1.20% by the end of the year, this implies that the RBA hikes 4.5 times on current numbers. Interestingly,...

In 2022 we expect volatility to increase as a function of central bank liquidity draining from the system. In parallel, we expect inflation to remain persistent, as we...

In a world of low, some would say subterranean, interest rates, the CIPAM Credit Income Fund has been designed to exploit the opportunities in both public and...

The concept of diversified portfolios was first popularised by Harry Markowitz’s 1952 “Modern Portfolio Theory”, which outlined the basic tenets of how risk-adjusted...

Looking at fixed income as an asset class in isolation, there are three key benefits required to make an investment allocation. These are: The expected income or...

Despite writing this from a Sydney that is still in lockdown (and expected to remain that way for a while longer) and noting a surge in COVID-19 Delta variant cases...

The COVID-induced market crash of 2020 has rattled both new and experienced investors by underscoring the pitfalls of over-allocating to growth assets. For owners of...

Throughout our discussions with the managers of Australia’s top-rated funds, it’s become evident that their views around the biggest tail risk for markets have...

Big business is back and that's a great thing for credit. Partially driven by stimulus, and partly by broader economic confidence, people are willing to spend again...

Whispers of inflation are consuming global markets. Is it coming? When can we expect it? How should we account for it? The reality is, inflationary pressures are...

Structural shifts in capital markets since the “Global Financial Crisis” or “Great Recession” have caused market dislocations to become shorter and more frequent. As a...