Corporate pension plan sponsors know what an asset/liability mismatch in interest rate exposure can mean for their plans and corporations. Many are turning to liability-driven investment (LDI) frameworks to address this "hedgeable risk."
For more than a decade, corporate plan sponsors have been riding a funded status roller coaster. This experience has forced plan sponsors to focus more than ever on managing funded status volatility, contribution surprises and their potential impact on th
The search for yield persists in the current environment of slow and steady spread compression. Yet, as Purnima Puri and Jonathan Segal of Highbridge Capital Management explain, investors able to access overlooked niche markets within non-investment grade
Investing for absolute return can serve as a foundation in a fixed income portfolio in times like these when spreads are tight, correlations are high, the economy is strengthening and the end of Fed accommodation is imminent.
Investing for absolute return can serve as a foundation in a fixed income portfolio in times like these when spreads are tight, correlations are high, the economy is strengthening and the end of Fed accommodation is imminent.
This chart shows that HY spreads have widened much more than IG spreads in July. This is more likely an anomaly with spread narrowing expected in the near term.