Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Constructive on municipal fixed income amid decade-high yields, maintaining a duration-neutral barbell posture focused on 5%-plus coupons, new-issue concessions, and high-grade essential service revenue bonds while avoiding vulnerable hospital issuers.
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Constructive on municipal fixed income amid decade-high yields, maintaining a duration-neutral barbell posture focused on 5%-plus coupons, new-issue concessions, and high-grade essential service revenue bonds while avoiding vulnerable hospital issuers.
Lagging the benchmark's 1.35% return. Despite historically tight credit spreads, the manager remains constructive on high yield corporate debt due to low projected default rates and expected technical inflows as interest rates decline.
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Lagging the benchmark's 1.35% return. Despite historically tight credit spreads, the manager remains constructive on high yield corporate debt due to low projected default rates and expected technical inflows as interest rates decline.