Commentary
Elements of Corporate Risk (Last of a Series)
As we wrap up our special series on corporate risk, let’s review the elements we’ve covered. We began with integration…
Read MoreElements of Corporate Risk (Fifth of a Series)
Being in an industry prone to litigation is one of the trickiest corporate risks to manage. For one thing, lawsuits…
Read MoreElements of Corporate Risk (Fourth of a Series)
In astronomical terms, it was a close call. Last Wednesday an asteroid almost a mile long passed within 1.1 million…
Read MoreElements of Corporate Risk (Third of a Series)
Last week’s column attracted the attention of one of our most loyal readers, and an astute observer of the credit…
Read MoreElements of Corporate Risk (Second of a Series)
It’s hard to believe, but this July marks the ten-year anniversary of the collapse of Bear Stearns’ two sub-prime hedge…
Read MoreElements of Corporate Risk (First of a Series)
Institutional investors are combing through the private credit market searching both for higher returns and experienced managers to deliver those…
Read MoreLeague of Their Own
At the start of 2017 spring training, the NY Yankees had a undrafted prospect on their roster named Ruth. Not…
Read MorePrivate Credit vs. Public Debt (Last of a Series)
For high-yield bond investors, March has been the cruelest month. First oil prices – often linked to bond prices –…
Read MorePrivate Credit vs. Public Debt (Third of a Series)
The fundamental thesis governing credit risk for bond holders relative to loan holders is that the latter is advantaged by…
Read MorePrivate Credit vs. Public Debt (Second of a Series)
In this series we are examining the characteristics of public debt, such as high yield bonds, compared with those of…
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