Live From the Desk

Hybrids with Power

Hybrids with Power: Battery not required We have been big fans of hybrid securities since the liquidity crisis of ’08-’09. Now we have even more reason to favour these investment vehicles. A hybrid security is a debt instrument which pays a fixed-coupon interest payment that will convert to a floating rate over LIBOR after set …

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Waiting for Stability

Open the door just a wee bit more … A sentiment echoed by the plethora of companies waiting to test the IPO market. In the unstable markets of the last nine months, we have seen almost no equity IPOs but that may change very soon. We have already witnessed the first step, companies testing the …

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