Penn Mutual Asset Management is committed to serving the institutional marketplace by offering fixed income investment ...

The unsold-company backlog is no longer a short-term timing issue; it is a structural feature of today's PE market. For allocators, the question is less whether capital will eventually be returned ...

This blog post is for informational use only. The views expressed are those of the author(s), and do not necessarily reflect the views of Penn Mutual Asset Management. This material is not intended to ...

Credit markets have remained broadly resilient. Investment-grade (IG) and high-yield (HY) credit spreads are still relatively tight, with IG credit spreads near 80 to 85 basis points (bps) and HY ...

This blog post is for informational use only. The views expressed are those of the author(s), and do not necessarily reflect the views of Penn Mutual Asset Management. This material is not intended to ...

U.S. revolving consumer credit, primarily credit card debt, has climbed to a record level. As seen in today’s Chart of the Week, balances increased from approximately $950 billion in early 2021 to ...

Natural resources funds have long played a role in institutional investors’ portfolios. More recently, however, various strategies within the asset class have attracted renewed interest from the ...

Equities shrugged off the move. For the week, the Nasdaq Composite Index rose 2.1%, the S&P 500 Index gained 1.2% and the Dow Jones Industrial Average added 0.3%, snapping a three-week losing streak, ...

Credit markets continue to show notable bifurcation across the quality spectrum, with widening concentrated at the high end of investment-grade (IG) and the lowest tier of high yield (HY), while the ...

Taught in Finance 101 classes around the globe, diversification is one of the foundational principles of modern finance. The ability to reduce idiosyncratic risk by combining assets whose returns are ...

Private markets are undergoing a structural transformation in how capital is raised and accessed. Historically characterized by closed-end fund structures and decade-long lockups, private market ...