Managing Director’s Letter
Dear Investors
For me, 2007 will be the year
that the fixed interest market
matured for both investors and
fixed interest companies alike. The
message is clear: don’t j
michael osullivan provident capital
michael osullivan provident capital
michael osullivan provident capital
don’t just buy a
rate, buy an investment.
Underlying asset quality
Financial commentators and
astute investors are now
differentiating between the
different business models
of providers of fixed interest
investments and the assets that
support them. I discussed this at
length in the previous newsletter:
the three failed companies were
property developers. A recent
edition of the Money section o
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