We started the year off horribly - I don't think there's been a worse January in history, that sets the tone for investor expectations. Jeff Tjornehoj More Quotes by Jeff Tjornehoj More Quotes From Jeff Tjornehoj Their lower duration and more attractive yields will help loan funds outperform investment grade debt funds over the next two quarters, though I'm skeptical they'll see positive returns each step of the way. Jeff Tjornehoj company-news High-yield spreads backed up 20 basis points this week, erasing the April-May rally and that spooked investors. Jeff Tjornehoj money Investors may have grown frustrated with the lack of returns in the short end of the yield curve, which started the year on fire, a $10,000 investment in SHV at the beginning of the year is only worth $10,004 today. Interest rates are low, but you can do better than that. Jeff Tjornehoj money It had gotten to the point where it was definitely a borrower's market, and that probably scared a lot of people off when rates didn't rise, once people love loan funds, they love them for a long time until they don't love them, and then they don't love them for a long time. Jeff Tjornehoj business I'm sure investors are spooked by low oil prices and how much that influences the economies of emerging markets. Jeff Tjornehoj money If you are 100 percent long or 100 percent short, you are likely to end up nowhere, but with a clever manager and the right strategy, you can edge some gains from this seesaw market. Jeff Tjornehoj summit-news A year like this sorts out what kind of investor you are. Jeff Tjornehoj business
