DuPont Names Planned Performance Chemicals Spinoff
Stock price of money manager more than doubled since 2012 with new CEO and cost cuts as inflows return.
Bank of New York Mellon Gives Activist Trian Fund a Board Seat -- 3rd Update
A group of top managers continue to keep looking for good investment opportunities, while taking full advantage of a rising (and potentially overvalued) market to book some gains.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
Some static in the Comcast-TWC tie-up, Yellen and Pepsi stay the course, and slow and steady pays dividends for Realty Income.
Our top managers remain cautious, focusing more on relative valuation and increasing their willingness to book gains in the face of a rising (but potentially overvalued) market.
Our top managers continue to focus on higher-quality businesses rather than seeking out bargains in a market that (in many of their minds) has become fully valued.
Widening investment-grade credit spreads and rising interest rates lead to losses.
Modest pockets of value emerge among consumer defensive companies.