Colombia’s external debt remains attractive given constraints faced by its president-elect, his signaling of fiscal moderation and supportive commodity prices.

Gustavo Petro won the Colombian presidential election on June 19, and will become the country’s first leftist leader. The market reaction has been negative, but not extreme. The day after the election, spreads remain below the recent peaks of May 2022.

We entered the election with a view that Petro’s victory was almost priced in and that tight polls meant that Colombia offered an attractive risk/reward ratio ...

We use a blend of quantitative modelling and fundamental approach to allocate efficiently to liquid and private market assets within fixed income.

Traditional public fixed income investors who are eligible are increasingly investing in private fixed income investments to diversify portfolios, harvest additional yield and take specialized risk. Private market credit investors are also increasingly looking for solutions that can take advantage of both the public and private markets to better manage liquidity, tailor pacing and diversify return sources.

The shutters are not yet closing for the homebuilders.

Over the past two years, the housing industry has benefited from the pandemic and a favorable economic backdrop driven by consumers with geographical flexibility, low interest rates and a strong job market. Recently, the strength and persistence of demand have come under pressure as rising mortgage rates and increased home prices are challenging affordability. Does this mean the housing industry is headed for a downcycle like we saw from 2007 - 2011? Our view is that industry conditions are much different today and the next cycle ...