Fixed Income

224 Posts

The Altman Z-Score in Edward Altman’s Own Words

The Altman Z-Score in Edward Altman's Own Words

Edward Altman recently spoke with Larry Cao, CFA, in Hong Hong about the Altman Z-score, its original inspiration, evolution, use and misuse, as well as the current credit situation around the world. In this first installment, Altman discusses how the Z-score model was developed and how its latest iterations have built on that initial foundation. Read more

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Are Investors Expecting Too Much from Infrastructure?

Infrastructure is seen as an attractive proposition, not only because of its (in some sectors) double-digit returns in a low-yield environment but also because it offers diversification opportunities coupled with reliable earnings and consistent cash flows. Infrastructure can also be used for liability matching and inflation hedging (given that inflation tends to be built into the revenue stream of projects).
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Essential Listening: Insider Trading

Essential Listening: Insider Trading

One of the challenges of curating podcasts is that it is more difficult to sample a podcast than it is a blog post or article. That is why podcast recommendations from trusted sources are so valuable. Not surprisingly, the end of the year is a popular time to compile these types of lists. Read more

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