Hints and tips:
...Marty Fridson, of Lehmann Livian Fridson Advisors, remains the most value-conscious corporate bond analysts. He argues spreads have ceased to make sense....
...The chart below, courtesy of Marty Fridson of Lehmann Livian Fridson Advisors, makes the point....
...“A few months have passed without more bank failures after First Republic”, Marty Fridson, chief investment officer of Lehmann Livian Fridson Advisors, referring to the collapse of another lender in May....
...“Is it true that triple-C firms have interest coverage ratios below 1? Definitely, but that’s always been the case....
...(Virtually every episode of rising default rates in the high-yield bond market is explained by either recession or plunging oil prices, Marty Fridson of Lehmann Livian Fridson Advisors points out.)...
...At one point, Credit Suisse chair Axel Lehmann wrote to Kelleher outlining his bank’s concerns over the proposed deal....
The FT’s Owen Walker explains how the Swiss bank is trying to make a comeback after years of scandals and losses — and what might happen if it fails
...Tangled Paths: A Life of Aby Warburg by Hans C Hönes (Reaktion/ University of Chicago Press)The story of one of the most influential historians of art and culture of the 20th century reveals a man of many...
...“It’s quite a change from a stable environment to a big drop off but it’s not as if this is a market panic,” said Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors....
...Marty Fridson, chief investment officer at Lehmann, Livian, Fridson Advisors — and a longtime observer of the high-yield market — uses a five-factor econometric model of fair value in high-yield bonds....
...I spoke to Marty Fridson, chief investment officer at Lehmann, Livian, Fridson Advisors, and a longtime observer of the high-yield market....
...The hunt for higher-yielding assets to generate better returns has sent even triple C rated bond yields to an all-time low of just above 7 per cent this month....
...This pattern is replicated within the rating silos of double B, single B and triple C paper that comprise the high-yield market....
...So much for energy really dragging on triple C credit....
...In the past, strong periods of performance for high yield has been led by triple C rated and lower credits setting the pace....
...risk to get a higher yield in the continued low interest rate environment but they are showing some residual signs of caution for the most risky companies,” says Marty Fridson, chief investment officer at Lehmann...
...Frost's oft-misunderstood poem, market-watchers may find it easy to assign unwarranted significance to an arbitrary occurrence -- divergence between credit spreads, according to Marty Fridson, CIO of Lehmann...
...New research from Marty Fridson of Lehmann Livian Fridson Advisors this week showed that in months with very low volatility, you have to go to the lowest quality rungs of the junk universe to significantly...
...that reflects foreign money that has come into the US and some exuberance following the election, which has been reflected in the stock market as well,” said Marty Fridson, chief investment officer of Lehmann...
...Junk bonds have outpaced the monthly returns of Treasuries for eight straight months, matching a record, notes Marty Fridson, the chief investment officer of Lehmann Livian Fridson Advisors....
...Funding Circle groups businesses by risk from A+ to C and gives estimates of bad debt per category....
...Claus Lehmann, a consultant who runs industry website p2p-banking.com, thinks default rates could rise if interest rates increase, putting pressure on borrowers with mortgages and other debts....
...The Peacock Cloak , by Chris Beckett, NewCon Press RRP£10.99, 240 pages A stunning short story collection from the winner of the 2013 Arthur C Clarke Award (for last year’s Dark Eden )....
...Scientists at Cornell University, led by Lehmann, are working on ways to sequestrate carbon in biochar-enriched soil....
...Replacing the family’s old stone fortress in the middle of fields, the residence became a palazzo – “with a reception house”, usually c alled a madiafa or “guest house” just inside the entrance gate....
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