Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
There is quite a bit of speculation and chatter regarding my participation on MFO Discussion Board. Although folks may find the discussion board a good medium for communication, I consider the platform more effective as a push process. It does not…
To the extent CrossingBridge funds have foreign exposure (non-US), the issuers are likely to be predominately from Canada, Europe, and Australia. The Nordics may be only a portion of the foreign exposure.
On June 30, 2024, the Nordic bond exposur…
BaluBalu and others:
To the best of my knowledge there are no US mutual funds or ETFs dedicated to investing in the Nordic bond high-yield market. The 50 funds mentioned are all overseas UCITs
In response to several comments made in the discussion board:
CrossingBridge Nordic High Income Fund (“NRDCX”) intends to make monthly distributions.
The Fund was internally seeded by CrossingBridge and/or affiliates with $2MM. According to Bloo…
I don't check in very often but I noticed a bunch of excellent questions. I do not believe a discussion board forum is the best medium. Please feel free to contact [email protected] directly. That said, CrossingBridge has a very seasoned…
In response to the discussion board:
CrossingBridge has commented in investor letters of exposure to the Nordic bond market and reasoning for holding these investments among its strategies.
Over the next several months, CrossingBridge will prepare …
Our Funds do not seek to invest in emerging markets but I am still a fan of India. The 10 yr Government bond is at 7%. But, you have to be wary of currency devaluation. THIS US NOT A RECOMMENDATION!
Commenting about a few points in the discussion:
RSIIX/COVID: We discussed in our 1Q20 Letter. I refer you to: https://www.riverparkfunds.com/assets/pdfs/rpsthyf/commentary/RiverPark-Cohanzick_1Q20_Shareholder_Letter.pdf
OSTIX: I do not view O…
Just an update. I beleive the post for RSIIX vs OSTIX challenge was on the weekend on April 22m, 2023 (but the MFO can determine). The performance contest was written for the next 12 months with David Snowball determing the winner based on attribut…
Clarity:
yogibearbull
RiverPark Strategic Income (RPHIX, RSIIX) is advised by CrossingBridge and there are no sub-advisors. The Fund left the RiverPark Family of Funds in 1H23. The same investment team guides RSIIX.
Shostakovich and MikeM
RPHI…
The 2023 year is not over yet but it does appear that I will be taking Carl and team out to dinner. I look forward to the event. And, will be happy for a re-match between RSIIX and OSTIX (it was always institutional shares comparison). Friendly c…
I assume you must be looking at 10 yr SD? Because OSTIX and PIMIX have SD higher than 5.20 for 5 yr and 10 yr according to Morningstar (as of 9/30).
Below is a comparison of RSIIX, OSTIX and PIMIX per Morningstar:
3 Yrs 5 Yr 10 Yr
RSIIX
R…
Thank [email protected]
The majority of our clients are institutional investors. But, various folks (including my son) have complained the minimum was exclusionary. Therefore, we felt those who appreciate our approach and offerings (idea…
Thank you for bringing this matter to the Board's attention. I will refer the matter to John Conner and I am confident the matter will be able to be resolved. Please feel free to reach out to [email protected]
CBUDX and RPHIX are different animals investing in the ultra short duration. CBUDX is purposefully meant to compete in the Morningstar ultra short duration category. A requirement of the category is that 65% or more of the portfolio be invested in…
Hi folks. I encourage you reaching out directly of Mr. Snowball can arrange an MFO call. Regardless, let me take this moment to quickly respond.
Bobby: Not sure when RiverPark Short Term High Yield (RPHIX, RPHYX) commentary will some out as it is…
rossingBridge Pre-Merger SPAC (SPC) is a ultra short term fixed income alternative is which the SPAC is purchased and redeemed. I think the option to get an excess return from an announced transaction to sell into the news is highly suspect unless M…
Just noticed a couple of comments. (A) I bought a bunch of Forever Stamps when they were first issued in April 2007 and dumped them in a safety deposit box. I just calculated by return of 3.29%. Not too good. LOL (B) CrossingBridge Pre-Merger SP…
Some of the preferred yields listed are overstated because th edata pull came form Bloomberg as an average and some issuers have an outlier which brings yield higher
No directly responding to your question ... Quickly scanning Bloomberg, Deutsche Bank 5 yr CDS is around 205. The article below from Bloomberg on Friday also provides some insight:
By Macarena Muñoz
(Bloomberg) -- Deutsche Bank AG was at the cent…
Bond market and forward curve pricing a recession in which Fed will be forced to cut. With the headline news of bank stress and significant layoffs (especially in Tech and Services such as Accenture) creates a reinforcing loop. Further, as I menti…
David and all: I occasionally read the board and I appreciate the insights. Junkster, RiverPark Strategic Income Fund is in th eprocess of being adopted by CrossingBridge. Upon completion, CrossingBridge would welcome your capital and not ban you…
You should execute your investment strategy as you determine appropriate. You are also correct that RPHIX has not historically generated a 4% calendar year ending Dec 31st return of 4%. However, RPHIX has generated total returns in excess of 4% on…
I am in total agreement with Howard Marks. Although our Funds have held significant “dry powder”, we started cautiously putting some to work to buy “money good” credit at 8%-12% opportunities with low duration. I will be discussing in my 2Q letter…
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 s…
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…
