Alternative Investments: A Primer for Investment Professionals

Table of Contents Introduction to Alternative Investing The Ecology of Alternative Investments Introduction to Hedge Funds Hedge Fund Strategies Accessing Multiple Hedge Fund Strategies Introduction to Real Assets Real Assets: Commodities Private Real Estate and Illiquidity Private Equity Financial Derivatives Structured Products: Collateralized Debt Obligations Tail Risk Investment Process, Operations, and Due Diligence Measurement and […]

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Foundations of High Yield Analysis

Table of Contents Understanding Default Rates, Recoveries, Spreads, and Returns The Art of High-Yield Credit Analysis Forecasting the High-Yield Default Rate Corporate Bankruptcy: Primer on Process and Prospects An Introduction to High-Yield Bond Covenants Dynamics of the High-Yield Bond Market Foundations of High-Yield Analysis, CFA Institute Research Foundation Also Read: Understanding High Yield Bonds: A […]

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2019 Midstream Outlook (Alerian): Midstream Fundamentals Are Strong

Potential Catalysts Oil price improvement Generalist or new investors entering the space MLP unit buybacks (likely limited) Major private equity transaction Tailwinds Conclusion of restructurings Positive momentum from strong 2Q18 and 3Q18 results Solid guidance for 2019 Becoming more investable (IDR eliminations, self-funding equity, distributions stabilizing) Headwinds Oil price weakness Underinvestment in energy Bottom Line […]

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