As noted in MAPF Portfolio Composition: November 2015, the fund now has a large allocation to FixedResets, mostly of relatively low spread. Many of these were largely purchased with proceeds of sales of DeemedRetractibles from …
Search Results for: performance
December 18, 2015
Amidst all the snivelling from old-stock Canadians unable to compete in the Vancouver housing market it’s nice to see a major move in the other direction: President Barack Obama signed into law a measure easing …
December 17, 2015
The Fed’s implementation of new policy tools to raise the overnight rate went smoothly: The Federal Reserve succeeded in nudging borrowing costs higher Thursday after its first interest-rate increase since 2006, and policy makers only …
CCS.PR.C: DBRS Upgrades to Pfd-2(low)
DBRS has announced that it: has today upgraded the Non-Cumulative Preference Shares rating of Co-operators General Insurance Company (CGIC or the Company) to Pfd-2 (low) from Pfd-3 (high). DBRS has also assigned an Issuer Rating …
FFH: DBRS Affirms at Pfd-3, Changes Trend to Positive
DBRS has announced that it: has today confirmed Fairfax Financial Holdings Limited’s (Fairfax or the Company) ratings, including its Issuer Rating at BBB, its Senior Unsecured Debt rating at BBB and its Preferred Shares rating …
December 16, 2015
The hot news of the day is the FOMC Statement: Information received since the Federal Open Market Committee met in October suggests that economic activity has been expanding at a moderate pace. Household spending and …
December 15, 2015
The equities markets did well today: The Standard & Poor’s 500 Index capped its first back-to-back gains in more than a month as energy companies led a rally with crude oil, while Federal Reserve officials …
DC.PR.C: Consider Exercising Dissent Rights To Defeat Management's Coercive Plan
Assiduous Reader prefman alerted me in the comments to the post “DC.PR.C: Coercive Exchange Offer” that the Notice of Special Meeting of Holders of First Preference Shares, Series 4 of Dundee Corporation to be held …
December 14, 2015
Mohamed A. El-Erian commented on the Third Avenue fund closure: The scale of the accident increases significantly if individual managers within the asset class have ventured to more exotic and less liquid securities in search …
December 11, 2015
We have a new government, but the same old central planners: Finance Minister Bill Morneau today announced changes to the rules for government-backed mortgage insurance to contain risks in the housing market, reduce taxpayer exposure …