Author Archives: Ron Heller

The Pricing Issue in High Yield

I talk with many professionals in the asset management business each week.  There have been a few recurring questions: where is the bottom in high yield and what is causing this downturn? Let me explain. As per what has caused …

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The Opportunity for the Unconstrained

A recent article in the major financial press discussed how over the last year there has been a huge increase in inflows into non-index based or unconstrained funds and how the expectation is for money to continue to move out …

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Duration – Does it pay to shorten duration in the high-yield asset class?

As I have been traveling the country the past several months meeting with advisors, both independent and at the wirehouses, the talk and strategy has been to move their corporate fixed income allocations to shorter duration corporate debt and floating …

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The Gaming Indicator

Consumer Confidence came in at the highest level since 2008.  Really?  Is this a real world picture or a possible politicized number from a smaller sample of the population?  As we look at industry after industry, it appears that the …

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Pressures on the Consumer

Is anyone surprised that the economy has slowed and 2Q GDP came in at 1.5%?  I am not because if you live in the real world then you see, live and read about the trends and costs associated with the …

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Options in High Yield Investing

We have spoken quite often over the years about our passion and profession here at Peritus: high yield corporate debt. Just what is high yield corporate debt and what does it offer investors?  These are questions we have answered in …

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Demand = Catalyst

Demand = Catalyst Catalyst = Profits Profits = Spending Spending = GDP Growth As I read the government release of the household wealth gains/losses I can’t help but immediately think about what this means to GDP growth in the US.  …

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Managing Defaults

Fitch reported that the trailing 12-month default rate remained flat in April at 1.9%, as the month produced two defaults. The recent bankruptcy filings by mortgage lender Residential Capital (ResCap) and aircraft maker Hawker Beechcraft added $3.4 billion to the …

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Where to Put Your Money

What do we make of all this data and news coming at us?  How do we make investment decisions based on all of this?  Where do I put my life savings/investments as it all moves so fast?  These are questions …

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Digging In

Is this a surprise?  When you live deep in the sea of corporate financials, you have a good take on what is going on in the world.  Unlike many investment advisors across the U.S., Peritus actually builds financial spreadsheets and …

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