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Insight
In a series of Insight articles, we discuss and present investment opportunities we actively use in our building blocks to form our absolute return portfolios.
Cash Plus Solution
UBS announced that it will charge clients negative interest from July 2021 if cash balances exceed CHF 250’000. Many other banks have followed suit and are also charging negative interest on CHF and EUR cash
Fed installs Backstop for Corporate Bonds
Last Week, the Fed announced that it is going to buy single corporate bonds to ensure a functioning secondary corporate bond market, which is a historical move and a positive sign for a market that
Direct Lending – Performance Analysis
Direct lending returns have historically been driven by consistent double-digit income returns, with a range between 10% and 12%. The slow decline in credit spreads within the CDLI over the last several years is a
Secured Lending – Insight
In einer Serie von Fachartikeln thematisieren und präsentieren wir Investment Opportunitäten, welche aktiv als Bausteine in unseren Absolute Return Portfolios eingesetzt werden. Bislang haben wir die folgenden Themen vorgestellt: “Structured Credit”, “Direct Lending” und Anlagen
Secured Lending backed by an asset
Generally, a “secured” loan is backed (or secured) by an asset. Hence, the borrower pledges an asset (i.e. in our example a property), as collateral in favour of the loan. In the event that the
Indian local bonds offer attractive Yields
Most recently, the real yields (nominal 5-year government bond yield adjusted for inflation) in Indian bonds have exceeded the threshold of 5%. While we believe this elevated level will be only temporary, we still expect
Direct Lending – a growing Asset Class
In a world of historical low interest rates and (very) high debt burdens combined with an economic outlook that foresees only moderate global GDP growth, it is a fair assumption that structural inflation pressure should