In Context: Markets in Financial Instruments Directive (MiFID) II

Over the last year, Callan has been fielding questions from both asset owners and asset managers regarding MiFID II. There is certainly some confusion among US-based asset owners utilizing Europe-based money managers (and/or US-based money managers with operations and portfolio management teams located in Europe) specific to MiFID II compliance. What challenges does MiFID II […]

How DTS Helps Us Evaluate Bonds

View Our Paper Evaluating bonds and fixed income portfolios can be complex and challenging, and to help make that process easier I developed a way for Callan to use a metric developed by practitioners called DTS, or duration times spread, which measures systematic exposure to credit risk. DTS is similar to equity beta, which measures […]