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First Principles Quarterly - Summer 2014


Compass with rope coil

We are pleased to share the Summer 2014 edition of First Principles Quarterly.

First Principles Quarterly (“FPQ”) is a compendium of insights from our portfolio management team on various global fixed income sectors.

For our Summer edition, discussed topics include reconsidering covenant-lite loans in the leveraged loan market and exploring the role of student loans in the sharp drop of the velocity of money.

Enjoy the summer reading!

View the First Principles Quarterly – Summer 2014 (pdf)