CrossingBridge Advisors Q4 2024 Commentary

2025-01-29 08:30:00 ET

Summary

• CrossingBridge Advisors, LLC is a wholly-owned subsidiary of ENDI Corp. CrossingBridge’s investment strategies are as follows: ultra-short duration, low duration high yield, responsible credit, and special purpose acquisition companies (SPACs).
• The market outlook remains uncertain post-election, with geopolitical and macroeconomic factors at play, but disciplined, value-based investing in durable businesses is key.
• The U.S. Treasury yield curve has normalized, but rising long-term rates and tight credit spreads suggest caution in high yield debt investments.
• Despite expensive asset classes, fixed income opportunities exist, particularly in shorter maturities and loans, which offer higher yields and potential for attractive returns.
• Strategies for 2025 include diligent credit analysis, opportunistic investments in term loans, defeased bonds, and M&A-driven debt, with a focus on overseas opportunities.

In the 1960s, war, peace, freedom, equal rights, and economic inequality were the issues of the day. In his 1962 song, Bob Dylan declared “the answer, my friend, is blowin’ in the wind”. Today, we face the same difficulties. Government leadership and cooperation will be critical to the outcome....

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