Bonds

The Transition from Tapering: Fixed Income Trends

We will reply to your inquiry as soon as possible.  Thank you for your interest.

Your Name (required)

Your Email (required)

Subject

Your Message

Input this code:captcha

We will reply to your inquiry as soon as possible.  Thank you for your interest.

Your Name (required)

Your Email (required)

Subject

Your Message

Input this code:captcha

Interview with Marlene Puffer in The Analyst, salve Toronto CFA Society, cialis September 2014.

Read the article

The Future of Fixed Income

logo-main-header-n

Dr. Puffer was Global Fixed Income Strategist at BCA Research from 2010-2013. She provided independent macroeconomic analysis and fixed income investment advice to top institutional clients worldwide. Subscribers included pension funds, money managers, trading desks and hedge funds. She recommended specific and successful value-added investment strategies during the European crisis, Japan's monetary policy regime shift and other central bank intervention. Her team published a weekly bulletin and in-depth special reports with clear investment recommendations and trade ideas in major sovereign and credit markets. She travelled globally to meet with clients.

Since 1949, BCA Research has been one of the world's top independent providers of global investment research and leading-edge market analysis.
Dr. Puffer was Global Fixed Income Strategist at BCA Research from 2010-2013. She provided independent macroeconomic analysis and fixed income investment advice to top institutional clients worldwide. Subscribers included pension funds, money managers, trading desks and hedge funds. She recommended specific and successful value-added investment strategies during the European crisis, Japan's monetary policy regime shift and other central bank intervention. Her team published a weekly bulletin and in-depth special reports with clear investment recommendations and trade ideas in major sovereign and credit markets. She travelled globally to meet with clients.

Since 1949, BCA Research has been one of the world's top independent providers of global investment research and leading-edge market analysis.
April 28-29, look 2014. Marlene Puffer, adiposity 2014 Benefits & Pensions Summit, Toronto, Marriott Eaton Centre.

Global Fixed Income Strategy

bca_mini

Dr. Puffer was Chief Strategist, Global Fixed Income at BCA Research. She provided independent macroeconomic analysis and fixed income investment strategy to top institutional clients worldwide. Paid subscribers to her weekly reports included the world's top pension funds, money managers, trading desks and hedge funds. She recommended successful value-added portfolio strategies and specific trades, guiding investors through the European crisis, Japan's monetary policy regime shift and extraordinary central bank intervention. Her team published a weekly bulletin and in-depth special reports with clear investment recommendations and trade ideas in major sovereign and credit markets. Special Reports included in-depth analysis of European vs. U.S. corporate credit markets, emerging market debt in the context of investment grade  bond portfolios, and individual country/regional reports. Dr. Puffer travelled globally to meet with clients.

Since 1949, BCA Research has been one of the world's top independent providers of global investment research and leading-edge market analysis.

Bondholder Litigation Support

Dr. Puffer created and implemented a Liability-Driven Investment strategy (LDI) for NAV CANADA’s $3Billion pension plan using derivatives. She was responsible for all aspects of investment management and asset mix for the pension fund. She restructured the real estate and equity portfolios. The strategy reduced the volatility of the plan’s solvency ratio and improved the risk profile of the pension fund. She worked closely with the Board, senior management, unions and the plan actuaries to develop a governance process for the pension plan including risk assessment, risk budgeting, optimization, and risk monitoring.
Dr. Puffer created and implemented a Liability-Driven Investment strategy (LDI) for NAV CANADA's $3Billion pension plan using derivatives. She was responsible for all aspects of investment management and asset mix for the pension fund. She restructured the real estate and equity portfolios. The strategy reduced the volatility of the plan’s solvency ratio and improved the risk profile of the pension fund. She worked closely with the Board, senior management, unions and the plan actuaries to develop a governance process for the pension plan including risk assessment, risk budgeting, optimization, and risk monitoring.
Twist Financial provides expert witness reports, pills testimony and litigation support in various areas of the capital markets.  Previous cases have included the BCE vs. Bondholders case that went to the Supreme Court of Canada, high yield emerging markets debt, and determining the current value of damages due to Telus bondholders in a case of early redemption.

Recent Trends in LDI and Practical Considerations

January 13, visit web thumb there 2010. Panel discussion with Jonathan Tetrault and Malcolm Hamilton. CPBI Ontario - Pension Investment Forecast 2010, Toronto, Ontario.

US Mortgage Market Regulations and the Subprime Mortgage Crisis

At Twist Financial, we offer independent advice to a wide variety of clients in the capital markets. For larger projects, we draw on a network of other experts to bring highly skilled and specialized teams together. We offer customized solutions to meet our clients' diverse needs.

If you are caught in the current credit turmoil, accessing global bond, securitization or credit derivatives markets, or restructuring your portfolio or financing strategy, Twist Financial can design fixed income strategies to solve your complex problems. We provide sound investment strategy, policy, and process recommendations and ensure successful implementation through effective internal and external marketing and education. We also offer expert witness and litigation support in all areas of fixed income, with expertise in corporate bonds and derivatives, treasuries, securitization, mortgage and ABCP markets.

Depth and Breadth of Experience

Dr. Marlene Puffer, President of Twist Financial, is well known and respected in the capital markets. She has over 15 years of experience in fixed income portfolio management, client service and marketing, debt structuring, analytics, quantitative modeling, and academia. Marlene's diverse experience includes investment management at PIMCO Canada and Legg Mason Canada, working on the trading floors of major investment dealers, and as a professor of Finance at the University of Toronto's Rotman School of Business. Her depth and breadth of fixed income experience are distinct in the industry.

Creative Practical Solutions

Marlene's unique combination of sophisticated financial market knowledge, business acumen, and problem-solving capabilities, bring creative and practical solutions to her clients' most complex financial challenges. She emphasizes viable implementation and sound theory in the development of comprehensive investment solutions to adapt to evolving market dynamics and challenges such as regulatory changes and governance constraints.

Customer Focused Approach

With a strong customer orientation, Marlene uses her excellent communication skills to present complex information in a user-friendly way. She is passionate about forming long-term partnerships with her clients and uses a consultative approach to build strategies that reflect clients' individual perspectives. Marlene is known for her integrity, loyalty to her clients, and tremendous energy.
At Twist Financial, we offer independent advice to a wide variety of clients in the capital markets. For larger projects, we draw on a network of other experts to bring highly skilled and specialized teams together. We offer customized solutions to meet our clients' diverse needs.

If you are caught in the current credit turmoil, accessing global bond, securitization or credit derivatives markets, or restructuring your portfolio or financing strategy, Twist Financial can design fixed income strategies to solve your complex problems. We provide sound investment strategy, policy, and process recommendations and ensure successful implementation through effective internal and external marketing and education. We also offer expert witness and litigation support in all areas of fixed income, with expertise in corporate bonds and derivatives, treasuries, securitization, mortgage and ABCP markets.

Depth and Breadth of Experience

Dr. Marlene Puffer, President of Twist Financial, is well known and respected in the capital markets. She has over 15 years of experience in fixed income portfolio management, client service and marketing, debt structuring, analytics, quantitative modeling, and academia. Marlene's diverse experience includes investment management at PIMCO Canada and Legg Mason Canada, working on the trading floors of major investment dealers, and as a professor of Finance at the University of Toronto's Rotman School of Business. Her depth and breadth of fixed income experience are distinct in the industry.

Creative Practical Solutions

Marlene's unique combination of sophisticated financial market knowledge, business acumen, and problem-solving capabilities, bring creative and practical solutions to her clients' most complex financial challenges. She emphasizes viable implementation and sound theory in the development of comprehensive investment solutions to adapt to evolving market dynamics and challenges such as regulatory changes and governance constraints.

Customer Focused Approach

With a strong customer orientation, Marlene uses her excellent communication skills to present complex information in a user-friendly way. She is passionate about forming long-term partnerships with her clients and uses a consultative approach to build strategies that reflect clients' individual perspectives. Marlene is known for her integrity, loyalty to her clients, and tremendous energy.
Marlene Puffer and Michael Lea, treatment in International Journal of Property Sciences, 2009.

Read the Article

Expert Witness - BCE vs. Bondholders

Dr. Puffer was a key expert witness and provided litigation support for BCE and their partners vs. bondholders in the context of Canada’s largest ever Leveraged Buyout transaction. The case was decided in favour of BCE at the Supreme Court of Canada and has had important effects on the Canadian market. An article by Twist Financial on the Implications of the BCE transaction and court case on corporate bondholders in Canada can be found here.

Impact of Today's Environment and Market Intervention on Bond and Money Markets

September 27-29, 2009, "Impact of Today's Environment and Market Intervention on Bond and Money Markets". Treasury Management Association Conference, Niagara Falls, Ontario, with David Schaffner.

Market Turmoil and Pension Plans

cia_logo

April 15, 2009, Canadian Institute of Actuaries Pension Seminar, Toronto, with Patricia Croft. This speech addressed the determination of the long-term corporate bond discount rate for pension liabilities. Dr. Puffer was a member of the CIA's Task Force on Discount Rates.

Read the Article