Archive for September, 2013

Financial Times – 9/29/13

September 29, 2013  |   Financial Times,In the News   |     |   0 Comment

“This is a critical period of the year for the economy and the last thing you want to see is business and consumers retrenching spending,” said Michael Kastner, principal at Halyard Asset Management. “As we have seen in the past, equities can take quite a hit when Washington’s battles turn ugly.” US moves closer to partial government shutdown

August 2013 – Monthly Commentary

September 13, 2013  |   Monthly Commentary   |     |   0 Comment

The fixed income market saw massive redemptions suffered by the largest fixed income mutual funds over the last several months.  The highly visible spokesmen for those funds have appeared in the media with increasing frequency stating and restating their bullish stance, while simultaneously selling bonds to meet rising redemptions.  That hefty selling need, approximately $41 Billion, or 14% of the assets of the flagship fund, over the last four months at the largest bond manager, ...

Financial Times – 9/9/13

September 12, 2013  |   Financial Times,In the News   |     |   0 Comment

“Given the size of this deal and in order to attract a large pool of investors, concession may have to be such so that these bonds have to become profitable pretty soon,” said Michael Kastner, principal at Halyard Asset Management. Verizon set for blockbuster bond sale

Financial Times – 9/5/13

September 12, 2013  |   Financial Times,In the News   |     |   0 Comment

“Verizon will be an enormous deal and has the potential to destabilise the market or be the catalyst for a rebound in corporate bond sentiment,” says Michael Kastner, principal at Halyard Asset Management. Blockbuster Verizon bond sale to test debt appetite