Something that we (and others) have often noted over the past few months is the risk that the US Federal Reserve might be committing a costl

If you want to know where the greatest downside risk exists; follow the leverage. Moreover, there is an intimate link between liquidity, lev

The correction in non-profitable technology stocks – or what we like to call “hope at a ridiculous multiple” (HARM) was fairly brutal last w

Oceanwide Holdings seeks to extend the tenor of CNY 6.8bn in loans from China Minsheng Bank and Fujian Yango fails to obtain noteholder app

Equity price action over the past week has been a little spicy. Through most of Wednesday the stock market appeared to look through the omic

China HY closed in positive territory for the most part, Times China Holdings, KWG Group and Roadking leading the charge. Agile, Yuzhou and

If we had to describe our approach in one line it is: to take on the emotional sources of volatility in markets. Stated differently where th

Markets slumped in Asia and Europe on Friday and thin volumes exaggerated market moves in New York, much of the activity appearing to be dri

Thanksgiving gave no respite to China HY property bonds, fast money was busy shorting the likes of Shimao Group. Real money provided support

The slump in lower quality China high yield property bonds continued yesterday, prices down as much as 4pts. Better quality names such as Gr