Bramshill Investor Letter
2019 - Q1 - Quarterly Review
The first quarter of 2019 had the Bramshill team thinking of a quote from Abraham Lincoln:
“Give me six hours to chop down a tree and I will spend the first four hours sharpening the axe.”
The volatility of late 2018 led to a tremendous entry point for risk in the credit markets. Bramshill opportunistically allocated significant capital to credit sensitive asset classes which had suffered historic price depreciation. In our investment process, Bramshill maintains a bullpen of securities on which we have prepared credit analysis. In our Q1 19 Investor Letter, we explain why we believe the current credit environment is ripe with opportunities and why interest rate risk continues to be a major concern.
In this commentary, you will explore questions such as:
- How do changes in the liquidity of the fixed income markets lead to opportunities?
- What are the macroeconomic factors we are watching as leading indicators for higher interest rates?
- What are the latest opportunities in the closed end fund market?
- Much, much more about how to generate return while managing for risk.
Thank you for reading!
The Bramshill Investments Team
Complete the form on the right to access the market insights in our Investor Letter!