Watch our Q1 2021 video update on the convertible bond marketplace, presented by CEO Frank Timons.
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, […]
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.
SAN FRANCISCO, January 31, 2020 PIER 88 Investment Partners, an independent boutique asset management firm is pleased to announce that Mitch McCullough has joined the firm as President and Chief Marketing Officer. In that role, he will manage the organization and spearhead the next leg of growth for Pier 88. “I am excited to be joining […]
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 […]