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The Future of Capital Markets (Video)



Yesterday afternoon, at the 2015 Milken Global Conference, I had the honor of participating in a panel discussion called “The World in 2025.” Like most panels at this annual gathering of business, government, academia, and entertainment, my panel looked past the problems to focus on…

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High Yield Makes Sense: One Man’s “Junk” is Another Investor’s Treasure



When investors think of high yield fixed income, the old term “junk bonds” often comes to mind. While the term “junk” carries a negative connotation, referring to the early years of high yield where high default rates were expected, the current reality is that high yield securities have a…

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