Small-cap fund pioneer Chuck Royce answers five questions about the markets.
Progress has been made but more needs to be done, he tells FPA
Bond fund manager said to have paintings, watches, Porsche and other valuables stolen
Low-volatility offering to invest in equity, fixed-income and currency futures
Speculative-grade debt now seen as an alternative to equities, says JPMorgan's Shanahan; balance sheets 'in pretty good order'
When credit is priced such that carry is no longer as profitable at a customary amount of leverage/risk, then the system will stall, list, or perhaps even tip over, says Pimco's Gross.
Investors chasing yield are hopping on municipal bonds, which remain cheaper than Treasuries. The question: When will the rush into tax-exempts end?
With life expectancies rising, fixed income investments won't make savings last longer
Lack of action of budget deficit will eventually lead to investor revolt; 'enough is enough'
Well-known PM managing to generate reasonable returns by betting on riskier credits; 'opportunistic approach'
