18
Jan
The last quarter of 2018 was disastrous for most risk assets. Everything from equities to commodities experienced a correction. Senior bank capital was no exception and we believe the risk/return...
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Investment Case
09
Nov
With the recent rise in volatility in the equity markets, some investors fear a more severe correction and widening spreads in the credit markets. Whilst an imminent downturn is not...
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11
Sep
Contingent Convertible Bonds, also known as Cocos, have been popular instruments among retail investors over the past few years. However, we consider that the extension risk is underestimated by the...
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31
May
BOC Aviation is an investment grade name offering an attractive valuation as well as both a solid balance sheet and financial ratios. Background - BOC Aviation is an aircraft leasing company. The...
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19
Apr
Background PEMEX is a fully integrated Mexican oil and gas company. It is involved in every aspect of the oil and gas value chain, from exploration, production, refining, distribution and marketing....
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