Thought Leadership

Executive Order Threatening Sanctuary Cities: Potential Impact on Municipal Credit Ratings

February 16, 2017

Judy Wesalo Temel, Senior Vice President and Director of Credit Research, shares her comments on The Wall Street Journal‘s article entitled “Sanctuary Cities May Not See Borrowing Hit From Trump Order.” “The article in The Wall Street Journal was timely and brought up a number of interesting points. We believe it is reasonable to conclude that municipal […]

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Taxable Fixed Income 4th Quarter Commentary

February 03, 2017

This commentary reviews the previous quarter and discusses our outlook and investment approach for the coming months. Commentary Highlights: Political surprises in 2016 marked the return of volatility to the markets. Performance in various investment grade sectors varied greatly, with inflation-protected securities outperforming Treasuries and lower quality segments outperforming investment grade corporate bonds. Our view […]

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Early Stage Investing and Seed Fund Opportunity

January 23, 2017

Forward-thinking investors have recognized that a subset of the hedge fund industry – hedge fund seeding – offers a potential opportunity to benefit not just from attractive investment returns, but from the hedge fund industry’s growth as well. For those investors who believe that the hedge fund industry will continue to grow, the environment for […]

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Tax Efficient Fixed Income 4th Quarter Market Commentary

January 13, 2017

This commentary reviews the previous quarter and discusses our outlook and investment approach for the coming months. Commentary Highlights: Record municipal issuance, higher US interest rates and concerns over how the new administration’s policies would impact municipal bonds led to a challenging quarter for the municipal bond market.     2016’s record level of new issue […]

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Donald Trump, Camelot, and the Ghost of the New Frontier

January 09, 2017

Jonathan E. Lewis, Fiera Capital Inc. Chief Investment Officer, shared a speech on January 5th at the Empire Club of Canada in Toronto. In his speech, Lewis explains how President Kennedy’s New Frontier offers us a historical parallel for the new Trump Administration. Please click here to view his speech, and here to read it. 

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Looking Ahead: Post-Election Assessment

December 15, 2016

Please click here to read the analysis by Carolyn N. Dolan, Executive Vice President and Head of Direct Client Investments, and Joseph A. Abraham, Senior Vice President of Direct Client Investments, on potential changes that the Trump administration’s pro-growth proposal may have on markets. 

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Bulletin: Preliminary Analysis of President-Elect Trump’s Proposed Policies

December 08, 2016

Please click here to read the analysis by Judy Wesalo Temel on the potential implications of the Trump Administration’s proposed policies for the municipal market.

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Bulletin: Post-Election Market Reaction Continues

November 23, 2016

Please click here to read the analysis by Jonathan Lewis on the market’s continuing reaction to the presidential election.

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Bulletin: Corporate Credit Reaction to New Political Landscape

November 23, 2016

Please click here to read the analysis by Miriam Legrand on the corporate credit market reaction to the changing US political landscape.

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Bulletin: Post-Election Market Reaction

November 11, 2016

Please click here to read the analysis by Jonathan Lewis on the market’s reaction to the presidential election.

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