GHP Funds

Monthly Archives: October 2014

Carl Icahn Says ‘Junk’ Bond Market in a Bubble

Posted on by Granite Hall Partners

 Oct 21 (Reuters) – Billionaire activist investor Carl Icahn said on Tuesday he thinks the high-yield “junk” bond market is still in a bubble despite the asset class’s recent selloff. “I think the high-yield market is in a bubble,” Icahn told CNBC television. “We do a very arcane product, we buy the CDS (credit default […]

Monthly Commentary September 2014

Posted on by Granite Hall Partners

The Appian Fund returned –1.67% in September as the market pulled back from its August rally. U.S. and International Equities and U.S. High Yield indices were negative for the month as investors sought haven in U.S. Treasuries in the face of rising geopolitical tensions. Economic and Financial Market Overview The market gave up ground in […]