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Alpinum Investment Management’s Blog offers an opportunity to share some of the knowledge we gathered over the years blended with current markets trends and activities.
All insights are written by the portfolio management team. Due to our expertise, we are also often contacted by media-creatives for statements, which we are pleased to make them available to you.
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One of the fastest rate increase paths in modern history has led to a true paradigm shift in US Treasury rates. Compared to one year ago, the rate levels are now higher and have negative term premia causing inversion anywhere beyond the 6-months tenor. Such inversion indicates recession risk, which remains a topic of debate
Paradigm Shift In Rates: Higher & Inverse Read More »
One of the fastest rate increase paths in modern history has led to a true paradigm shift in US Treasury rates. Compared to one year ago, the rate levels are now higher and have negative term premia causing inversion anywhere beyond the 6-months tenor. Such inversion indicates recession risk, which remains a topic of debate
Paradigm Shift In Rates: Higher & Inverse Read More »
Since 2000 the share of US loans rated B and below has more than doubled and now accounts for 57% of the total loan market. In contrast, the weight of HY bonds rated B and below has almost halved to 33%, partly due to the recent rise of “fallen angels” (IG bonds downgraded from BBB
Increased risk-/return profile of US loans vs. US HY bonds Read More »
The year of 2022 was characterised by a turbulent market environment. In our working paper “Investment Insight – Hedge Funds”, we shed light on 2022 from a hedge fund perspective, explaining in- and outflows into the industry, highlighting the importance of diversification and active management and digging deeper into hedge fund specific market observations. Finally,
Hedge Funds Review & Outlook 01/2023 Read More »
Central banks moved away from easy money policies and changed course. Not only the interest rate hikes but also the liquidity withdrawals have affected the markets and will continue to do so. After years of quantitative easing with ballooning balance sheets, the regime shift means that central banks will no longer backstop markets – unless
Central banks’ balance sheets changed course Read More »
Experten bieten Einblicke in den Hedge Fonds Selektionsprozess. Das Alternative Anlageuniversum umfasst abertausende Manager, neue Produkte und Anbieter kommen ständig dazu. Entsprechend schwierig ist es, die Spreu vom Weizen zu trennen. Die Hedge Fonds Experten von Alpinum Investment Management bieten mit Ihrem Artikel im private banking magazin Einblick in den Selektionsprozess. Vollständiger Artikel: Hedge Fonds
Hedge Fonds Selektion | private banking magazin Read More »
Central banks moved away from easy money policies and changed course. Not only the interest rate hikes but also the liquidity withdrawals have affected the markets and will continue to do so. After years of quantitative easing with ballooning balance sheets, the regime shift means that central banks will no longer backstop markets – unless
Central banks’ balance sheets changed course Read More »
Slowing global economy, combined with tightening financing conditions and input costs inflation will lead to higher expected credit default rates in 2023 and beyond. In our observations, market participants expect that defaults would peak at around 6 to 6.5% in 2023 for high yield bonds and just below 5% for leveraged loans. As the chart
Rising expected default rates reflect weakening economy Read More »
Slowing global economy, combined with tightening financing conditions and input costs inflation will lead to higher expected credit default rates in 2023 and beyond. In our observations, market participants expect that defaults would peak at around 6 to 6.5% in 2023 for high yield bonds and just below 5% for leveraged loans. As the chart
Rising expected default rates reflect weakening economy Read More »
Getreu dem Motto: “Sleep well at night” erläutert Reto Ineichen, CEO & CIO von Alpinum IM, im Interview mit Fundbridges Geschäftsführer, Claude Hellers, welche Strategien Investoren auch in schwierigen Zeiten ruhig schlafen lassen. Mit einem disziplinierten ‘Absolute Return’ Ansatz gelingt es den Alternative Investments & Kredit Spezialisten von Alpinum IM seit zwei Jahrzehnten, grosse Kursschwankungen
“Sleep well at night” – Das Konzept geht auf Read More »
