2017 Could be the Year of the Active Manager

February 10, 2017 | Active Management

It has been said that those who do not learn from history are doomed to repeat it. With the value of active management called into question in recent years, we are compelled to consider our history to see what we might be able to glean about the reality of today’s environment.

Addressing Long-Term Goals During Short-Term Volatility

January 26, 2016 | Market Commentary

Assumptions about future returns are made every day by a wide variety of investors. These assumptions are often based on annualized returns that can mask tremendous amounts of performance variation.

High Yield Bonds: The Seventh Inning Stretch

July 30, 2013 | Fixed Income

It’s widely known that since the financial crisis, high yield bonds have performed strongly. Even since the “spring 2012 sell-off,” spreads have rallied approximately 275 basis points through May 2013. Yet, spreads are still approximately 225 basis points lower than before the great sell-off.