Recent pain points are significant but belie key differences between now and the great financial crisis.
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Goldman Sachs said roughly 80% of the direct lending market is held in vehicles that typically don't allow investors to redeem…
Many said there's a disconnect that reflects investors' growing willingness to look through near-term risks and a fear of missing…
As always, I want to avoid a sweeping declarations.
Default rates are elevated and credit managers are getting creative.
Investors worry a stock market that is priced for perfection is vulnerable to some sort of setback.
Everybody is clueless, and when you are clueless, you are scared.
