article thumbnail

Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. We saw that concentrated exposure, right, with the — the — the staff that came out, that 85 percent of the world’s wheat production.

article thumbnail

Transcript: Ted Seides

Barry Ritholtz

The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. It’s just entertainment. What’s keeping you entertained during lockdown? SEIDES: No, you’re right about the securities. RITHOLTZ: Really interesting.

article thumbnail

Transcript: Ken Kencel

Barry Ritholtz

So you would see pretty high concentrations of, you know, $100 million, $200 million, $300 million, all essentially sitting on a single balance sheet of the bank. So obviously, risk managers, you know, and CROs were very focused on how do we manage that risk and diversify that credit risk that they were taking on in mid-market companies.