There’s a great deal of confusion over cash, enhanced cash & investment grade funds. Let’s clarify the purpose & underlying securities of each type of fund.
Money
The Coming High Yield Downturn will be Big, Long and Ugly
The US high yield market has grown larger and riskier since the financial crisis. More debt, of lower quality, with weaker covenants means the coming downturn will be bigger, longer and uglier.
Cryptocurrencies and Blockchain are Just Reruns of 90’s Bubbles
The old saying that history doesn’t repeat but often rhymes sums up the fervour surrounding cryptocurrencies and blockchain.
Harvard Shows the Pitfalls of Internalising Funds Management
With so many fund managers overcharging and underperforming it’s no surprise that there’s a trend towards internalising funds management. However, Harvard’s experience shows that internalising is far easier said than done.