LOS ANGELES, CA--(Marketwire - July 28, 2010) - First Western Capital Management, a Los-Angeles based institutional investment firm, has released a report on high yield securities, including a brief history of the asset class and an assessment of high yield bonds as an alternative to equities.
Chief Investment Officer, Kenneth Malamed shares his insights in the report, It's the Coupon, which is the latest addition to a body of thought pieces produced by First Western Capital Management's team. The collection of reports is part of the firm's overall approach to investment management based on a strong fundamental research philosophy.
"Since the early 1980s, the high yield marketplace has been born and reborn, growing in size to over $1 trillion in 2009," remarked Mr. Malamed. "While almost every financial services firm participates in the market, few recognize that, contrary to conventional wisdom, high yield as an asset class is not riskier than equities for a variety reasons and it has outperformed equities over the past decade."
Although last year's 50% annual returns are not likely to be repeated in the future, high yield securities may provide investors with a cushion from the volatility of the equity market and a substantial return on the coupon.
To access the report and other original pieces from First Western Capital Management, please visit www.fwcapmgmt.com.
About First Western Capital Management
First Western Capital Management (FWCM) is the institutional investment management subsidiary of First Western Financial, Inc., a financial services holding company recently ranked by Inc. magazine as one of the fastest growing companies in the U.S. Los Angeles-based FWCM, with well-regarded expertise in fixed income, total return, and opportunistic strategies, focuses on delivering superior investment results for institutional, sub-advisory, and high net worth clients. The FWCM investment team manages more than $1.2 billion for clients, and together with affiliated First Western entities, is responsible for over $4 billion in assets. For more information, please visit fwcapmgmt.com or call 310.229.2940.
Contact Information:
For more information, please contact:
John Dewey
First Western Capital Management
(310) 229-2940