Spotting Idiosyncratic Opportunities in Global High Yield (Hedge Week)
With notable dispersion in high yield in 2019, CQS and BlueBay Asset Management see further upside as energy and automotive sectors respond to technology disruption… High yield credit will likely present further idiosyncratic opportunities in 2020 thanks to elevated dispersion in US high yield, in particular. Relative to investment grade, CQS’s Sir Michael Hintze is of the view that “there is room for significant outperformance”.
Six Principles for Successful Alternative Credit Investments in Emerging Markets (Preqin.com)
Providing growth capital to corporates active in sustainable commodity value chains is a niche strategy that is increasingly drawing interest from institutional investors. This is primarily thanks to attractive, uncorrelated returns, rather than solely because investors are concerned with ESG/impact investing. As rapid growth in emerging market economies drives higher demand for commodities, businesses operating non-speculatively in sectors spanning agriculture, food, renewable energy, and recycled metals offer promising investment opportunities. For many of these corporates, ESG and impact investing are becoming just as critical as financial performance, enabling businesses to maximize efficiencies while ensuring their long-term viability.
Alliancebernstein Holding Lp (AB) COO James A Gingrich Sold $2.4 million of Shares (Guru Focus)
COO of Alliancebernstein Holding Lp., James A Gingrich, sold 75,000 shares of AB on 03/04/2020 at an average price of $32.28 a share. The total sale was $2.4 million. AllianceBernstein Holding LP is engaged in the financial service sector. Its activities include investment management services and its sell-side business. AllianceBernstein Holding LP has a market cap of $3.06 billion; its shares were traded at around $31.15 with a P/E ratio of 12.51 and P/S ratio of 11.22. The dividend yield of AllianceBernstein Holding LP stocks is 8.12%.
What Did This CEO Just Do with Personal Shares of Ameresco (NYSE: AMRC)? (Analyst Ratings)
Today, the President & CEO of Ameresco (AMRC), George Sakellaris, sold shares of AMRC for $17M. Following George Sakellaris’ last AMRC Sell transaction on September 23, 2019, the stock climbed by 6.6%. Based on Ameresco’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $307 million and quarterly net profit of $22.2 million.
A Director at Washington Prime Group (NYSE: WPG) is Buying Shares (Analyst Ratings)
Today, a Director at Washington Prime Group (WPG), Robert Laikin, bought shares of WPG for $129K. This recent transaction increases Robert Laikin’s holding in the company by 25.75% to a total of $610.5K. In addition to Robert Laikin, 2 other WPG executives reported Buy trades in the last month.
