Collateralized Loan Obligations Flourish: A Case of Déjà Vu
The alphabet soup associated with the Global Financial Crisis has resurfaced as CLOs and CDOs once again make headlines. Since 2008, mortgage securitization has crawled to a halt--with the exception of the highest quality government-backed loans. Securitization has flourished in corporate debt markets, however, with record issuance of Collateralized Loan Obligations (CLOs) causing déjà vu.
Revisiting Earnings and Earnings Multiples as Drivers of the Equity Markets
Doug Cohen, managing director, portfolio management, began the year with a "20 Questions" (and Answers) market overview that covered pertinent capital market issues for 2019. Doug revisits these issues, returning with the two variables that determine equity prices: earnings and earnings multiples.
Are You Up to Date on the Latest Market Moves?
Harkening back to the days of final exams and all-night cram sessions, Doug Cohen, managing director, portfolio management, shares this month’s market outlook and analysis in the form of a multiple-choice quiz. Sharpen your pencils and test your knowledge of what propelled the markets in the first quarter of 2019.
Quiz: How Impactful is Compounding in Your Portfolio?
With markets already retracing their steep losses in 4Q18, the market noise and daily chatter can pose a challenge to long-term investment decisions. Erick Rawlings, managing director, research, presents a strategy-based scenario illustrating the power of compounded investments.