admin, Author at BREAKWATER ADVISORY

06 Feb 2016 Voya Senior Loan Group – ‘Talking Points’ Weekly Update (incl. January in Review)

Posted at 10:46h

Looking for Direction - With most capital markets still moving lower, the loan market looked inward last week to focus on fundamental credit as new issue and secondary markets both offered fairly light activity.

03 Feb 2016 White Paper – 2016 Long-Term Capital Market Forecasts

Posted at 13:06h

Cyclically sensitive assets like equities and the riskiest credit instruments are likely to provide risk-adjusted returns superior to those of most fixed income assets, particularly government bonds, over the ten-year horizon, though the relative attractiveness is becoming more balanced than it was a year ago.

29 Jan 2016 Fixed Income Perspectives – ‘Under Pressure’

Posted at 11:02h

The new year has begun with a series of losses, but we think some convergence between the markets and the global economy will emerge by the end of the first quarter.

15 Jan 2016 Voya Senior Loan Group – 2015 Market Recap and 2016 Outlook

Posted at 15:52h

2015 Market Recap and 2016 Outlook - Despite solid performance in the first half of the year, the loan market’s total return fell short of initial expectations, as volatility across broad capital markets weighed on loan prices beginning in late summer and continuing through the end of the year.

22 Dec 2015 Fixed Income Perspectives – “The Fed Awakens”

Posted at 09:32h

The market did not like the Fed’s message that the December hike was essentially a done deal, causing rates to rally and the yield curve to flatten, a classic reaction to the perception of an inappropriate hike.

18 Dec 2015 Market Series – ‘The High Yield Market in Perspective’

Posted at 10:06h

A fund liquidation and aftermath.

17 Dec 2015 Market Insight – “Fed Takes Action”

Posted at 09:41h

While the Fed announced the first federal funds rate hike in nearly ten years, the central bank stressed that its policy remains “accommodative."

16 Dec 2015 Firm Ranks Second for Asset Managers

Posted at 18:44h

Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it has been named to Pensions & Investments Magazine’s “2015 Best Places to Work in Money Management” list. Voya ranked second in its category of firms with between 500 to 999 employees. This is the first year Voya has been named to the list.

05 Dec 2015 Voya Senior Loan Group – ‘Talking Points’ Weekly Update (incl. November in Review)

Posted at 07:17h

A Little Warmth - The index returned a flat 0.00% for the week, with a modest decrease in the average bid price of 5 bps (to 92.59). In addition to sector-specific credit sensitivity, returns continue to be hampered by market technicals – specifically, strong supply against slowing demand.

27 Nov 2015 Fixed Income Perspectives – “For Your Eyes Only”

Posted at 16:12h

While diamonds are forever, zero interest rate policy (ZIRP) in the U.S. appears to be coming to an end.

Author: admin