Private Credit Markets. Non-correlated? 2007 Called. Think again.
In the summer of 2007, Bear Stearns blew up two structured credit funds and our LP hotline lit up. Pundits and talking heads told us it was contained. We told ourselves we’re non-correlated – different strategy, different assets, insulated from the chaos. We’re good. Fourteen months later, Lehman collapsed and we learned the hardest lesson […]
Private Credit Markets. Non-correlated? 2007 Called. Think again. Read Post »