Marty Fridson

High-yield bond expert Marty Fridson appeared on Benzinga's PreMarket Prep show Thursday morning to discuss his outlook on the global market and industries he favors amid market turmoil in early 2016. Fridson favored industries typically viewed as cyclical, noting a price-rating discrepancy that...

A huge spike in the Chesapeake Energy Corporation (NYSE: CHK) insurance on senior five-year bond default cost index this week indicates that investors are growing increasingly pessimistic about the company’s ability to avoid default. Shares of the company’s common stock fell 33 percent...

In a new report, Marty Fridson, CIO at Lehmann Livian Fridson Advisors LLC – a wealth management fund specializing in income investing, focuses on speculative high-yield corporate bonds. Fridson has crunched the numbers and has determined that the market is currently pricing in a 44 percent...

The market is currently pricing in a larger, 12-month speculative-grade bond default rate than Moody’s is forecasting. Marty Fridson believes that this disparity is because Moody’s is not accounting for the extreme distress in the energy and metals and manufacturing sectors. The high-...

September was a terrible month for high-yield bonds in general, which produced their lowest return since June of 2013. The biggest losers among major high-yield industries are no longer energy or metal and mining bonds, but telecom bonds. The high-yield market expects a 5.6 percent default rate in...

In a new report, Marty Fridson – chief investment officer for Lehmann Livian Fridson Advisors LLC, a wealth management firm specializing in income investing – discussed an alternate formula for estimating market-implied 12-month high-yield default rate. Fridson explained why he...

In a new report for LCD, Chief Investment Officer of Lehmann Livian Fridson Advisors Marty Fridson discusses the dangers presented by high-yield ETFs. The topic was the subject of a recent contentious debate between BlackRock CEO Laurence Fink and activist investor Carl Icahn at the Delivering...