CARES Act passed: Will it reduce the risk of a protracted credit crisis?

With an overwhelming majority, Congress passed the coronavirus relief package, the CARES Act. Previously, we outlined that fiscal policy stimulus needs to be big, bold, targeted, and efficient, in order to reduce the risk that this liquidity crisis turns into a credit crisis. In our opinion, the CARES Act is a significant and necessary step to help

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Apr 3, 2020

Active allocation to fixed income amidst the Corona-crisis

Has it been enough to reset our expectations in fixed income?

Mar 30, 2020

A window of opportunity in high yield

In the past, we have argued against market timing and have made the case for high yield as a strategic allocation...

Mar 24, 2020

Managing through a down market

COVID-19’s spread, or more specifically, efforts to contain the spread, have magnified these late cycle dynamics...

Mar 19, 2020

Initial fiscal response not enough to weather the storm

In response to the negative economic impact of the precautionary measures enacted to combat the COVID-19 crisis...

Mar 17, 2020

February 2020: 29 turbulent days

The leap year is a fascinating quirk of the calendar...

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