Here's an actively managed credit fund, Third Avenue Focused Credit (TFCVX). "An opportunistic, bottom-up investment strategy that selects high yield stressed and distressed credits up and down the capital structure." It has been a good performer in the past and is well managed, but it is subject to the whims of the credit markets. It has been serving well as a leading indicator for high yield credit and it is pointing south again. Trouble is brewing.
Lawler: Observations on the Recent Surge in Net International Migration
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Today, in the Calculated Risk Real Estate Newsletter: Lawler: Observations
on the Recent Surge in Net International Migration
A brief excerpt:
NOTE: Hous...
Deep puts on HYG and JNK are pretty cheap, but the market is filled with HFT spoofers and its very illiquid - gotta screw around for awhile before you can make a transaction.
ReplyDelete- Luke
Tim Knight over at Slope of Hope has a short on JNK. If I'm not mistaken, it's he's most confident in that position and has been holding it at least since summer. He's a pure chartist.
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