Original article by Sebastian Pellejero
Lyniese Patterson, Portfolio Manager at Income Research + Management, spoke with The Wall Street Journal about where IR+M sees value in the high-yield debt market. Lyniese shared, that given the strong economic backdrop in 4Q2021, the firm’s high-yield team has shifted holdings into lower-rated debt. Lyniese also explained why she and her colleagues favor holdings tied to machinery and tools.
On Thursday, BondBloxx partnered with Income Research + Management (IR+M) to launch the BondBloxx IR+M Tax-Aware Short Duration ETF (NYSE Arca: TAXX).
Veteran BlackRock portfolio manager Joseph Wolfe has come off of the $1.9bn BlackRock Large Cap Focus Value fund (MABAX) and the $7.8m BlackRock Global Impact fund (BGIMX), according to filings with the Securities and Exchange Commission (SEC).
Recent pricing on wholesale ABS deals for chains Wendy’s and Massage Envy illustrate differences on deals in this area of the market, reports Eikon.
