Refine Search

Search Results

16 results found.

Why Floating Rate Private Credit
by Dean D’Angelo, 8/7/23

As the Fed tightens and banks accelerate their pullback from middle-market lending, private credit’s stability, strong downside protection and floating rate yields make it an attractive fixed income alternative.

Digital Asset Market Note: A “De-pegging” Soros Would Be Proud Of
by Benjamin Dean of WisdomTree, Inc., 5/20/22

This week has seen a series of rapid contractions across the digital asset ecosystem. In a space that is well-known for volatility, even this week has stood out to observers.

A Top-Performing ETF for Rising Rates
Gaining Perspective, featuring: Dean Smith of FolioBeyond, 4/22/22

Will the Future Be Web3, Metaverse or Open Source?
by Benjamin Dean of WisdomTree, Inc., 2/11/22

“Web3” has emerged as a buzzword over the last few months.

What Lies around the Corner for Digital Assets?
by Benjamin Dean of WisdomTree, Inc., 2/4/22

Digital assets have grown exponentially in the past decade. After the recent crypto sell-off, Benjamin Dean discusses what may lie ahead in the digital assets ecosystem.

Municipal Market Update: What's Ahead in 2015
by Joseph Deane, Julie Callahan, Sean McCarthy of PIMCO, 1/29/15
Municipal bonds ended 2014 as one of the best-performing asset classes - buoyed by investors’ search for yield in a low interest-rate environment. For 2015, we are positioned cautiously for greater volatility in the fixed income markets. We currently prefer revenue-backed bonds over most general obligation (GO) debt, as these sectors typically benefit from dedicated revenue streams and do not have the pension challenges that many state and local governments face.

Has Dividend Investing Lost its Luster?
by Paul Stocking and Dean Ramos of Columbia Management, 5/14/14
With interest rates rising in 2013 and after a number of years of outperformance from high-yield dividend paying equities, investors want to know if dividend investing remains an attractive strategy. With corporate balance sheets looking healthy and dividend payout ratios remaining low by historical standards, we believe dividend growth will continue to be strong. In our view, high-yielding equities will continue to provide strong total returns especially relative to fixed income alternatives.

Positioning for Municipal Market Volatility
by Joseph Deane, David Hammer, Sean McCarthy of PIMCO, 10/23/13
We do not anticipate a significant increase in the frequency of municipal defaults, but there are pockets of credit stress in U.S. municipalities and territories, particularly those with unfunded pension obligations and unsustainable budget imbalances. Large concentrations of exposure to Puerto Rico within subsets of the municipal market will likely lead to an increase in spread volatility across other municipal sectors in the coming quarters.

Lehman Five Years LaterLessons and Threats
by Dean Curnutt of Macro Risk Advisors, 9/24/13
The five-year anniversary of the Lehman bankruptcy and onset of financial crisis is here and so too is the raft of opinion pieces around what caused the meltdown and how it is different this time.In a recent interview with Charlie Rose, when asked about the risk of another 2008 event, Morgan Stanley CEO James Gorman said, The probability of it happening again in our lifetime is as close to zero as I could imagine.

Correlation and Portfolio Construction
by Dean Curnutt of Macro Risk Advisors, 8/15/13
We review recent periods of financial market stress, which bring about elevated levels of asset volatility and during which investors are vulnerable to incurring substantial loss of capital. We illustrate that risk is determined both by the volatility of individual investments in a portfolio and the degree to which they are correlated. Often overlooked, correlation is a critical factor. Because assets become more correlated at the same time they become more volatile, we argue that the benefits of diversification often are difficult to achieve when they are most needed.

Credit Counts: The New Municipal Bond Market
by Joe Deane, Julie Callahan & David McMahon of PIMCO, 2/28/12
Today, the primary emphasis in security selection must be placed upon creditworthiness and the relative value of credit spreads. When the spread on a bond more than compensates an investor for its underlying risks, the bond becomes an attractive candidate, PIMCO believes. Investors with the resources and process in place to conduct proprietary credit research may have a strong competitive advantage.

Muni Veterans Discuss Economy, Downgrades and Silver Lining
by Joseph Deane and Julie Callahan of PIMCO, 9/21/11
Many municipal balance sheets are in reasonably good shape and default rates remain a small fraction of the overall market. The downgrade of Americas AAA rating to AA+ had a knock on effect on municipal bonds. However, we believe of greater consequence to bond issuers, and to the market, is the outcome of federal budget negotiations. We feel essential service revenue bonds tend to have more consistent revenue streams and lower (or no) pension and medical liabilities than general obligation issues.

The Other Shoe Drops: Munis Tied To Government Get Downgraded
by Joseph Deane, Julie P. Callahan and Joseph A. Narens of PIMCO, 8/9/11
We believe the implications from the downgrade as well as the overall environment make a good case for muni investors to prefer essential-service revenue bonds over General Obligation (GO) securities. This is not the first time that we have seen the muni market face potential ratings downgrades. The muni market has become a market where credit analysis is increasingly important.

Preparing for a Worst Case Scenario
by Dean of Dean & Associates, 2/13/09

Quarterly Commentary
by Dean of Dean & Associates, 8/4/08

Quarterly Commentary
by Dean of Dean & Associates, 5/6/08
16 results found.