High Grade Review and Outlook: 1st Quarter 2016
This commentary reviews the previous quarter and discusses our outlook and investment approach for the next quarter for our high quality taxable fixed income strategies for endowments, foundations and other non-taxable entities. Commentary Highlights: Although 2016 opened to a confluence of market concerns over slumping energy prices, defaulting energy loans, and decelerating Chinese growth, we […]
High Grade Review and Outlook: 4th Quarter 2015
The commentary reviews the previous quarter and discusses our outlook and investment approach for the coming year for our high quality taxable fixed income strategies for endowments, foundations and other non-taxable entities. Commentary Highlights: US interest rates were caught in a tug of war between positive domestic news, and a deteriorating global environment. Higher US […]
Bulletin: High Grade Corporate Event Risk
In this piece, Corporate Credit Research Vice President Miriam Legrand reviews how Samson navigates growing event risk in the corporate sector. Bulletin Summary: Event risk, largely influenced by shareholder activists, has been growing in the corporate sector. Shareholder activism, primarily in the form of share buy-back activity, corporate restructuring and mergers and acquisitions, has recently […]
High Grade Review and Outlook: 3rd Quarter 2015
The commentary reviews the previous quarter and discusses our outlook and investment approach for the next quarter for our high quality taxable fixed income strategies for endowments, foundations and other non-taxable entities. Commentary Highlights: US interest rates and inflation fell for the quarter, led by decelerating US economic indicators, the appreciation of the US dollar, […]
High Grade Review and Outlook 2nd Quarter 2015
The commentary reviews the previous quarter and discusses our outlook and investment approach for the next quarter for our high quality taxable fixed income strategies for endowments, foundations and other non-taxable entities. Commentary Highlights: Bond yields moved higher in the quarter as global growth improved and markets continue to anticipate an increase in the fed […]
Financial Sector Outlook
In this piece, Credit Research Associate Miriam Legrand reviews why Samson is positive on the corporate bond financial sector. Bulletin Summary: Samson is fundamentally positive on financials due to the continued improvement of the sector since the credit crisis. There has been an increase in regulation since the financial crisis, and although regulation can limit […]
High Grade Review and Outlook 1st Quarter 2015
The commentary reviews the previous quarter and discusses our outlook and investment approach for the next quarter for our high quality taxable fixed income strategies for endowments, foundations and other non-taxable entities. Commentary Highlights: US interest rates continued to fall in the 1st Quarter, influenced by negative European rates as the ECB began its bond […]
High Grade Review and Outlook 4th Quarter 2014
The commentary reviews the previous quarter and discusses our outlook and investment approach for the next quarter for our high quality taxable fixed income strategies for endowments, foundations and other non-taxable entities. Commentary Highlights: Corporate spread widening has created opportunities. Balance sheets remain strong and spread widening has spilled over from the high yield sector […]
Corporate Bulletin – December 2014
As we head towards year-end the recent sharp decline in the price of oil, a surge in corporate issuance, and a decline in overall market liquidity have all contributed to wider spreads for investment grade corporate bonds and high yield. For your interest, we have written our Samson Corporate Strategy Bulletin which discusses the current […]
High Grade Review and Outlook 3rd Quarter 2014
The commentary reviews the previous quarter and discusses our outlook and investment approach for the next quarter for our high quality taxable fixed income strategies for endowments, foundations and other non-taxable entities. Commentary Highlights: Our view is that a Federal Funds rate increase is unlikely until the Fed meets their inflation target of over 2%. […]