Watch our Q1 2021 Update video presented by CEO Frank Timons. The companies identified do not represent all of the companies purchased, sold or recommended for portfolios advised by Pier 88 Investment Partners, LLC. The reader should not assume that investment in any company was or will be profitable. Additional information including a list of […]

Investment bankers have been busy the last several years shepherding in a wave of financing via IPOs, secondaries, debt refinancing, and now SPACs. Given the lower rate environment, companies have gravitated to convertible bonds as a less expensive way than straight equity to raise capital. Many investors are unfamiliar with the convertible bond asset class […]

Recent headlines on some high-profile short squeezes have caused some investors to contemplate the wisdom of shorting individual names. Our investment team has avoided single stock shorts since the inception of the Lake Geneva Fund Strategy, as we do not believe it remains an effective risk management tool for our strategy for multiple reasons. First, […]

Watch our year in review video presented by CEO Frank Timons. An alternate version of the year in review is available here. The companies identified do not represent all of the companies purchased, sold or recommended for portfolios advised by Pier 88 Investment Partners, LLC. The reader should not assume that investment in any company […]

Healthcare spending is becoming a larger share of GDP and an increasingly important sector of the economy to watch. Representing almost 20% of the economy and expanding over the foreseeable future, healthcare is a growth industry presenting opportunities and risks for investors. Convertible bonds may offer an attractive way for investors to capitalize on this […]

Pier88 is pleased to announce the recently launched Rational/Pier88 Convertible Securities Fund (PBXIX). To learn more about this Convertible Securities Fund (PBXIX), you can read the full Press Release here. The companies identified do not represent all of the companies purchased, sold or recommended for portfolios advised by Pier 88 Investment Partners, LLC. The reader […]

As part of our fundamental research process, we met with over 20 companies during the quarter across technology, healthcare, consumer and financial technology. We also had the opportunity to interview the former Chairman of Microsoft Europe, Jan Mühlfeit, on innovation and corporate cultures. In our view, an organization’s culture significantly impacts the performance of that […]

Technology companies allocate billions of dollars into research in the hope of driving innovation. Over the last two decades the costs have sky-rocketed and companies are accelerating investments to stay ahead of the competition. Many management teams have decided to augment R&D by looking externally and are acquiring pioneering companies. Some investors have pondered whether […]

The Pier 88 Investment Team suggest investment grade convertible securities as an interesting investment opportunity in the current market environment as they provide the potential for equity participation with downside protection. The investment grade convertible securities universe is well diversified across industry sectors, geographic regions and market caps. It also offers a current yield that […]

Much has been written in the media describing the strong momentum behind mega cap technology stocks. In this paper, we dissect some of the contributors underlying this momentum, while also suggesting theremay be better long-term risk/reward opportunities in other areas of technology. We attribute much of the performance for these names to strong fundamentals, asset […]