|
|
Post by fred495 on Mar 26, 2022 21:02:02 GMT
FYI: Looks like David Sherman of Cohanzick Mgt. is posting on MFO on the "M* - Bond Investors Facing Worst Losses in Years" thread. Fred |
|
|
|
Post by Chahta on Mar 26, 2022 21:22:32 GMT
I am not in the loop. Who is he? Looks like he may have something to do with RiverPark funds.
|
|
|
|
Post by fred495 on Mar 27, 2022 3:27:40 GMT
I am not in the loop. Who is he? Looks like he may have something to do with RiverPark funds.
You are right. Here are two funds David Sherman manages that I am aware of: RSIVX and RPHYX.
By the way, RSIVX is one of the few bond OEFs with a positive YTD return, small as it may be.
Fred
|
|
|
|
Post by chang on Mar 27, 2022 7:36:39 GMT
I have never read / used MFO. If someone does, please invite Sherman to post here.
|
|
|
|
Post by davidsherman on Mar 27, 2022 12:50:50 GMT
Chahta invited me to your site. I was unfamiliar. In MFO, a thread was entitled "M* -- Bond Investors Facing Worst Losses in Years". There was some conversation and the following is my post: davidsherman March 26 Fixed income has definitively been a total return blood bath since 3Q21; the math is simple - price moves conversely with duration. Some spread widening has occurred which can be partly attributed to Fed attempts to reduce balance sheet. davidsherman March 26 For a ultra short duration with a "buy and hold" approach, SPACs purchased below trust value with the intent to always redeem on a business combination, sell above trust value, or wait until liquidation date may be worth consideration. According to SPACinformer.com around 75% of SPACs have a yield to liquidation over 3% with an weighted average maturity around 1 year. Some or all of the return may be capital gains rather than ordinary income. SPACinformer.com allows you to download the 700+ SPAC database for free to get the info needed to execute. davidsherman March 26 or shamelessly, you can outsource the strategy to Crossingbridge Pre-Merger SPAC ETF under the symbol SPC. One should only execute buys and sells with limit orders and all investments have risk with no guaranty of return (read prospectus). Other similiar pre-merger SPAC ETFs are SPAX and CSH. Now enjoy the tutorial cartoon video: youtube.com/watch?v=jURKQuB9HfA |
|
|
|
Post by davidsherman on Mar 27, 2022 12:58:47 GMT
After a quick review of the comments:
Cohanzick Management, LLC is the sub-advisor to RiverPark Short Term High Yield (RPHIX) and RiverPark Strategic Income Fund (RSIIX).
CrossingBridge Advisors, LLC is the advisor to CrossingBridge Low Duration High Yield Fund (CBLDX), CrossingBridge Ultra-Short Duration Fund (CBUDX), CrossingBridge Responsible Credit Fund (CBRDX) and CrossingBridge Pre-Merger SPAC ETF (SPC).
CrossingBridge Advisors, LLC is a 100% wholly-ownwd subsidiary of Cohanzick (although it has been announced that CrossingBridge entered into an agreement to merge with Enterprise Diversified which upon shareholder approval would reduce Cohanzick's control to approximately 65%.
If you are interested in arranging a Q&A conference call between the Big-Bang Investors and myself, I would be happy to accomidate should one take charge.
|
|
|
|
Post by yogibearbull on Mar 27, 2022 13:27:19 GMT
|
|
|
|
Post by Chahta on Mar 27, 2022 13:40:28 GMT
I for one would be interested a Q&A. To me equity investing (funds) is pretty much straight forward, but bond funds are different animal.
|
|
|
|
Post by chang on Mar 27, 2022 14:54:54 GMT
David - welcome to this forum. This is (more or less) a resurrection of the old Morningstar Discuss forum from the 2000-2010 period, before Morningstar essentially shut it down.
Personally, I am pleased to see you participate here, since RPHIX is my largest single investment!
Welcome again.
(Edit: Battlefield promotion to 5*)
|
|
