credit

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...