EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES AND INFLATION HIGH
America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors..
Working With God's Aluminum
A couple of years ago Goldman Sachs’ CEO Lloyd Blankfein was on TV almost every day promoting the good his company does for the economy. One of his less fortunate phrases in his otherwise highly articulate defense of his firm was that Goldman was “…doing God’s work.” I imagine he meant Goldman was engaged in […]
Discussing Bonds Are Not Forever on Bloomberg TV
http://www.bloomberg.com/video/betting-on-dividend-paying-stocks-lHzHO9SCQgil9Im6UNyHNQ.html
Bloomberg Businessweek Offers a View on Hedge Funds
Bloomberg Businessweek, July 2013 Simon Lack, December 2011 Obviously, I was too kind. What does the hedge fund industry’s chief lobbying group AIMA (Alternative Investment Managers Association) have to say?
Where Next for Interest Rates?
Fixed income managers have recently had to practice a rarely used skill; explaining poor investment performance to their clients. Bonds have been a great investment for a long time, but Fed Chairman Bernanke’s press conference last month has at least introduced two-way risk into the market. Quite possibly, he heralded the end of the secular […]
Bonds Still Aren't Cheap
It’s a long time since we had a bear market in bonds. Some may remember 1994, when Greenspan shocked the market from its complacency with a series of hikes in the Fed Funds rate. Events culminated that year with the bankruptcy of Orange County due to ill-advised bets on continued low rates by its treasurer […]