Nat Kellogg, CFA
Director of Manager Search, Managing Partner
Despite the recent increase in long-term interest rates, the low rate environment is now more than four years old and continues to create challenges for investors. While interest rates are notoriously volatile the current low rate environment and negative real yields on risk free securities is unprecedented in its duration. Given the Federal Reserve’s clear indication that it will not raise interest rates until there is a substantial drop in unemployment or increase in inflation, it appears the current low rate environment is unlikely to change in the near future. While this creates challenges for all institutional investors, it creates a unique set of challenges for non-profit health care organizations (“HCOs”).
Health systems today face significant challenges, further complicating an ever-changing landscape. Some of the most notable trends we see in…
In an effort to attract capital and encourage long-term investments in low-income urban and rural communities, Congress reformed the Tax…
The yield curve plots the relationship between U.S. bond yields and their maturities, and typically slopes upward: the longer you…
An inverted U.S. Treasury yield curve — one in which long term rates are lower than short term rates —…
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