Are PE-Backed Loans Considered Less-Risky?
The Federal Reserve recently released a technical white paper that examines PE-backed syndicated loans. One of the key findings is that PE-backed loans are often associated with lower ex-ante credit risk than comparable non-PE backed loans.
Debunking the Myth: Chasing Heat in Natural Catastrophe Insurance-Linked Securities?
The Nat Cat Insurance-Linked Securities (ILS) market, designed to transfer the risk of natural disasters from insurers to investors, showcases a robust growth trajectory, defying fears of speculative "hot money" inflows. This resilience, underpinned by increasing long-term strategic allocations to the asset class, establishes Nat Cat ILS as a cornerstone for investment diversification.
Unintended Consequences of New Fed Policy Tools
With much focus on the health of the banking sector, the attached article explores how the Fed may have unintentionally contributed to recent (and possibly continued) bank funding liquidity issues.