All posts of John Wylie

We believe that investors should seek to invest in companies that are addressing unmet needs and innovating the products and services of tomorrow. These companies typically exhibit higher rates of growth and growth that is secular, not tied to the ebbs and flows of the broader economy. We find innovation and disruption in all sectors; […]

As investors in equity and credit securities, we watch the credit markets closely as credit risk premia affect equity returns. The leveraged loan market has grown in significance as issuance has increased over the last few years—and their prices have fallen dramatically since mid-November. We believe that quality matters in this environment, so investors should […]

In a Rising Interest Rate Environment, Convertibles Offer Lower-Risk Equity and Higher-Returning Fixed Income Exposure KEY TAKEAWAYS Convertibles are more attractively valued than low volatility equity indexes Convertibles have less interest rate risk than straight bonds Record new issuance creates more opportunity for “balanced” managers SMID issues dominate, creating exploitable inefficiencies March 2018 marked the […]

KEY TAKEAWAYS: February spike in VIX was likely due to trading inefficiencies, not fundamentals. High yield credit spreads remain relatively low and stable, suggesting fundamentals are strong. […]