49 insights

Blog
Aug 23, 2019

Aligned Incentives: Our Key to Navigating the Diverse High Yield Market

In our experience, family-owned private firms and small-to-medium sized public companies are most likely to borrow responsibly and prioritize bondholders ahead of other investors.
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Blog
Aug 13, 2019

Investment Grade Credit Report: An Impressive First Half

According to John Sheehan, accommodative Fed policy and favorable market technicals drove the investment grade credit market’s strong start to 2019.
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Blog
Jul 5, 2019

Convertible Bonds: An Underappreciated Source of Alpha

Although most investors ignore the opportunities presented by these flexible fixed income securities, they are an integral component of our strategy.
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Blog
Jun 5, 2019

Catching the Wave: Why Secular Growth Matters

In our view, the specific market dynamics that influence a company's sales growth prospects have a greater impact on equity returns than the overall direction of the economy.
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News
Apr 24, 2019

Bond Fund Intelligence: Osterweis Total Return’s Vataru Stays Flexible

Bond Fund Intelligence recently interviewed Eddy Vataru to discuss his Total Return strategy, which uses a flexible combination of security selection, sector rotation, and duration hedging to generate returns.
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Video
Apr 16, 2019

Webinar REPLAY - Managing for Total Returns in an Uncertain Environment

If you were unable to join our webinar about Managing for Absolute Returns in an Uncertain Environment, hosted in partnership with AdvisorPerspectives, you can watch the replay here.
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Blog
Apr 15, 2019

A Contrarian View: Now Is Still the Time to Invest in Growth

In early November 2018 we published a blog post claiming that the time was right to invest in growth. In this piece, we revisit our analysis and draw the same conclusion.
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Blog
Mar 21, 2019

Don’t Believe the Hype: An Inverted Yield Curve Does Not Guarantee a Recession

Conventional wisdom dictates that recessions occur every time the yield curve inverts, but in our view that is an oversimplification.
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Blog
Mar 14, 2019

A New Paradigm for Stocks: Digital vs. Decline, Not Growth vs. Value

As the influence of technology continues to increase, we believe investors need to reconsider the relevance of both the traditional style matrix and sector classifications.
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Blog
Jan 15, 2019

Not as BBBad as You’ve Heard – Despite Negative Headlines, We Do Not Anticipate a Wave of Downgrades

BBB issuers have received a lot of bad press recently, but John Sheehan believes the perception is worse than the reality and that credit selection is key to finding good risk adjusted returns.
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Blog
Dec 10, 2018

U.S. Consumers Poised to Drive Demand in 2019: Which Companies Can Capitalize?

In his 2019 preview, Jim Callinan explains why he feels retail businesses are the likely engines for growth and shares his views on sectors and firms that should outperform.
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Blog
Nov 5, 2018

A Contrarian View: Now Is the Time to Invest in Growth

With the U.S. economy now in its ninth year of expansion, investors have become wary of growth stocks and their higher multiples. The ongoing market volatility has increased these concerns, but research from Cornerstone Macro suggests that a slowdown in the economy may in fact be favorable for growth companies.
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News
Oct 5, 2018

The Bottom Line: How to Invest Now in the Face of Trade Wars and Inflation

The Bottom Line Personal recently interviewed John Osterweis to get his thoughts around selecting stocks and investing in the current market environment.
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Blog
Oct 5, 2018

Leveraged Buyouts: Risks May Lurk Beneath the Surface of These Popular Deals

The recent Blackstone->Thomson Reuters acquisition reminded us once again why we need to be extra vigilant when evaluating sponsor backed deals.
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Blog
Oct 2, 2018

The Case for Concentrated Portfolios

When it comes to investing, we have always believed that focus is more important than breadth. In our latest paper, John Osterweis and Jim Callinan discuss the advantages of concentrated portfolios.
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