His focus on credit quality and risk management has been the key to his success in high-yield and we are excited about his applying those skills to the Seligman High-Yield Bond
Unlike the public shareholders, management foregoes the cash and high-yield bond
portion of the package and, instead, receives the $24 in value by receiving six stub shares at $4 each.
If the recovery picks up steam, you may suffer a little principal erosion in your government and municipal bond portfolio as short-term rates rise, but your high-yield bonds
Expanding on Bookstaber and Jacob's work, Ramaswami (1991) reports success with a portfolio hedging strategy "based on the proposition that a high-yield bond
is a dynamic combination of equity and riskless bonds.
In percentage terms, the projections from the three main credit-rating agencies for defaults on high-yield bonds
approach levels last seen in 1933, according to an 87-year default-rate history compiled by Moody's Investors Service.
The bank hired Thomas Crystal from Royal Bank of Scotland Group Plc (LSE: RBS) to head high-yield bond
and loan sales in the US.
The high-yield bond
market is a lower-risk alternative for investors worried about top-line growth in a sluggish economic atmosphere.
We expect another record year for the high-yield bond
market if the trend over the first five months continues," said Warmington.
It offers real-time coverage of the US/European leveraged loan and high-yield bond
markets, from deal inception through the secondary markets.
NEW YORK, July 3 /PRNewswire/ -- Standard & Poor's, a leading provider of independent investment research, ratings, and indices released today the results of its mid-year 2003 review of high-yield bond
However, high-yield bond
funds managed to deliver a total return of 3.
Scott's deep, high-yield bond
investment experience and his extensive credit analysis expertise make him ideal to help expand upon SSgA's alpha-generation toolkit," said Paul Greff, director of Global Fixed Income for State Street Global Advisors.
NEW YORK -- NEW YORK, April 3 /PRNewswire/ -- Standard & Poor's, a leading provider of financial information and investment research, announced today that its online service, Fund Advisor, recently concluded its first quarter 2003 review of high-yield bond
NEW YORK -- The Aquila(SM) Group of Funds, known for its strategic investment opportunities, has partnered with Three Peaks Capital Management, LLC and its well-known high-yield bond
fund manager Sandy Rufenacht to launch Aquila Three Peaks High Income Fund.
NEW YORK, April 3 /PRNewswire/ -- Donaldson, Lufkin & Jenrette announced today that is has added three professionals to its high-yield bond