Commentary
Why Volatility Matters (Third of a Series)
In the classic 1962 film, “Lawrence of Arabia,” two British officers watch the unfolding chaos as Arab tribes vie for…
Read MoreWhy Volatility Matters (Part Two)
Leveraged loans occupy a unique position in the credit asset class. Like high-yield bonds they boast an active secondary market,…
Read MoreWhy Volatility Matters (Part One)
According to Merriam-Webster, the word “volatility” comes from the Latin, volātilis, meaning flying. Any investor who has remotely been paying…
Read MoreBack to School Issue
With the unofficial end of summer almost upon us, we thought it would be appropriate to take a look at…
Read MoreCash Faux
Leveraged lending guidelines have set six times total leverage as the limit above which a loan would likely be criticized…
Read MoreLabor Day Countdown
News last month that the New Horizons spacecraft zipped by the former planet Pluto at 36,373 mph, snapping pictures as…
Read MoreMore on Dividends
Last week we covered dividend recapitalizations on sponsored leverage loans. Turns out the topic required more air time, based on…
Read MoreDividends Without Tears
It’s that time of year again. We’re not referring to barbecues and Slip ‘N Slides, although both hot and liquid…
Read MoreMore on Revolving Credits
Who knew such a mundane topic as revolving credits could stir up such passions? Based on our TLL mail bag,…
Read MoreWhy Revolvers Matter
It’s been called the most mispriced security on Wall Street. It’s also the least-known casualty of bank regulatory reform. Welcome…
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