Factor-based investing spreads from stocks to bonds

COMPARED with equity investing, bond investing can seem stuck in the dark ages. As hedge funds and asset managers use whizzy algorithms to trade shares automatically, bond-fund managers still often call traders by phone. So when new investing strategies do arise, they make an even bigger splash. “Factor” investing is the latest example. This is […]

Why the largest group of American corporate bonds is a notch above junk

BY HIS own account Christopher Hitchens, an author who died in 2011, was a poor student. He left Oxford with a third-class degree. This was not for want of ability. Hitchens would become a prolific essayist and fearsome debater. Rather, it was a choice. His tutors warned him about neglecting his studies. But he preferred […]

Pension bonds are an ingenious idea for providing retirement income

WHEN people stop working, they need a retirement income. Some are lucky enough to have an employer-provided pension linked to their salary. Everyone else faces a difficult choice. Some keep their pension pot in cash and watch as it is eroded by inflation. Others use savings products with high fees and risk being hurt by […]

Coco bonds have not lived up to their promise

DURING the financial crisis, Western governments poured hundreds of billions of dollars into their banks to avert collapse. The search for ways to avoid future bail-outs started before the turmoil ended. One of the niftiest proposals was the “contingent convertible” (coco) bond, which turns into equity when the ratio of a bank’s equity to risk-weighted […]

The Originals: Klaus and Caroline Reunite in First Season 5 Photos, Plus Hayley Bonds With Teenage Hope

We’re not ready to say goodbye to The Originals, but we’re definitely ready to say hello to Caroline Forbes. As previously reported by TVLine, the Vampire Diaries character will play a vital role in the CW drama’s upcoming final season — largely as a mentor to Klaus, who still hasn’t gotten a grip on this whole “fatherhood” concept yet […]

Toronto hockey community bonds over slaying of teenage goalie

In Toronto’s high-stakes, ultra-competitive world of minor hockey, there are few things that actually bring people together. But, sadly, that’s just what the death of 15-year-old Roy Pejcinovski has done. Pejcinovski was the star goalie on Toronto’s top Bantam AAA team — the Don Mills Flyers. It was, of course, too early to project what he […]