Concentration Risk on the Buy-Side of Credit Markets: The Causes
CFA Institute
AUGUST 30, 2021
What are the effects of buy-side concentration on the structure of the corporate bond market?
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CFA Institute
AUGUST 30, 2021
What are the effects of buy-side concentration on the structure of the corporate bond market?
Musings on Markets
OCTOBER 4, 2023
That recovery notwithstanding, uncertainties about inflation and the economy remained unresolved, and those uncertainties became part of the market story in the third quarter of 2023. The Markets in the Third Quarter Coming off a year of rising rates in 2022, interest rates have continued to command center stage in 2023.
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Future CFO
AUGUST 3, 2023
Global VC investment dropped for the sixth consecutive quarter in Q2’2023 – falling from US$86.2 In Asia, VC investment fell for the 6th consecutive quarter, reaching only $20.1 The Americas accounted for the largest share of VC investment with $42.9 The Americas accounted for the largest share of VC investment with $42.9
CFO News Room
JANUARY 31, 2023
There have been claims that China’s enormous economic growth and widely shared prosperity are the result of turning to capitalism. I have come to think of it in terms of concentric circles, each smaller than, and fully contained in, the larger category. For me, the categories are exchange relations, market societies, and capitalism.
CFO News Room
DECEMBER 16, 2021
The results suggest the labor market remains extremely tight. The gain was concentrated in the Pandemic Unemployment Assistance program and the Pandemic Emergency UC program, which accounted for 93,338 of the 107,674. The low level of claims and high number of open jobs suggest the labor market remains very tight.
PYMNTS
DECEMBER 16, 2020
Because of the lack of competition, the federal Commission on Economic Competition said the processing fees have gotten too high and incentives have been lowered for investing in new systems that could be safer for handling transactions and avoiding breakdowns.
Future CFO
AUGUST 4, 2021
The economic rebound, fuelled in large part by China (A1 stable), masks a range of output losses across the region, the credit rating agency noted. These economies mainly have high incomes, mature institutions, strong healthcare infrastructure and dynamic labour markets, the firm pointed out.
Barry Ritholtz
AUGUST 1, 2023
After a monstrous 68% recovery from the March 2020 pandemic low, and another nearly 30% gain in 2021, markets decided to have one of their all-too-regular spasms. The wisdom of the crowd is why the efficient markets work most of the time, but it really helps to be aware when the crowd turns into an unthinking mob of hooligans.
Future CFO
JULY 17, 2023
Faced with ongoing market volatility, the enterprise C-suite is leaning on its treasury teams like never before to protect company assets and to (ideally) also capitalise on competitive opportunities emerging from an unstable macroeconomic climate. This article discusses some of the key takeaways from that report.
Corporate Finance Lab
MARCH 27, 2023
On November 30 2022, the Belgian federal government and the governments of the federated entities adopted the cooperation agreement on the Belgian foreign direct investment screening mechanism. This adds Belgium to the list of EU Member States that have recently tightened their rules on foreign direct investment (FDI).
CFO News Room
DECEMBER 28, 2022
Innovation and exchange can be frustratingly uninspiring, particularly given that there are concentrated, vivid costs (in the form of lost jobs and struggling communities) and benefits dispersed across millions of people who might not even notice. Art Carden is a Senior Fellow at the American Institute for Economic Research.
Musings on Markets
JANUARY 28, 2024
In my last data updates for this year, I looked first at how equity markets rebounded in 2023 , driven by a stronger-than-expected economy and inflation coming down, and then at how interest rates mirrored this rebound.
CFO News Room
JANUARY 17, 2023
As the world’s attention is focused on the war in the Ukraine, it is the human toll, in death and injury, that should get our immediate attention, and you may find a focus on economics and markets to be callous. Ukraine, a part of the Soviet Union, has had its shares of ups and downs, and its economic footprint is even smaller.
Barry Ritholtz
OCTOBER 19, 2023
One of my favorite responsibilities as chief investment officer at Ritholtz Wealth Management is the quarterly conference call I do for our clients. I run through 30 charts in 30 minutes that explain where we are in the economic cycle, what markets are doing, and what it means to their portfolios.
CFO News Room
NOVEMBER 11, 2022
This interview of Richard Kozul-White of UNCTAD cover a very broad scope of economic issues from the developing country perspective: how unregulated financial markets have hindered emerging countries, how the Global Financial Crisis market failure has been ignored, and how even before Covid, these countries were facing a decade of lost growth.
Future CFO
AUGUST 23, 2023
Mature consumers constitute a large and growing segment that is currently responsible for 27% of spending — around US$7 trillion — each year across nine product categories in 12 key markets, BCG pointed out. Nevertheless, brand marketeers often ignore them, the firm added. Nothing could be further from the truth.
CFO News Room
JANUARY 8, 2023
By fall of 2022, NFT markets were down 90% , we’d entered a cold crypto winter, and a bustling metaverse was still more of a dream than reality. Geopolitical and economic uncertainties are injecting more caution into the next phase of tech’s evolution. 2023 will likely be a more sober year in tech.
CFO News Room
JANUARY 11, 2023
Sellers need to avoid a spread-the-peanut-butter approach and instead concentrate resources on the most promising opportunities. The emerging winners will be the ones who take a more nuanced approach, tailoring the answer to the strength of their own products and markets, as well as to how economic uncertainty affects their customers.
Future CFO
DECEMBER 21, 2023
Can you go to the capital markets or turn to your line of credit to raise money if need be? This is part of the economic climate in which they operate and can impact customer insolvency. Shorten your supply chains and avoid concentration in one geographic region. Operating margins: Are they becoming thinner?
Spreadym
NOVEMBER 3, 2023
Saving and Investing: Develop a savings plan and investment strategy to build wealth over time. 401(k), IRA), investing in stocks, bonds, real estate, or other assets, and establishing an emergency fund. This metric reflects your ability to invest in growth or return value to shareholders. Liquidity Ratios: a.
Future CFO
NOVEMBER 28, 2019
These disruptive trends, according to Gartner, include business transformation, market competition, economic uncertainty, employee power in labor market, capital inefficiency, and executive confidence, according to the research firm. Market competition. Economic uncertainty. Employee power in labor market.
Musings on Markets
MARCH 19, 2022
As the world's attention is focused on the war in the Ukraine, it is the human toll, in death and injury, that should get our immediate attention, and you may find a focus on economics and markets to be callous. Ukraine, a part of the Soviet Union, has had its shares of ups and downs, and its economic footprint is even smaller.
Future CFO
FEBRUARY 13, 2023
He acknowledged that these strategies allowed ICTSI to save on financing costs, add additional liquidity to the group, and continue pursuing lucrative investment opportunities despite the global pandemic. For Boo, discipline and resilience in working capital preservation are critical both in good and bad economic times. “To
Musings on Markets
MAY 5, 2023
The overarching questions for us all are whether this crisis will spread to the rest of the economy and market, as it did in 2008, and how banking as a business, at least in the US, will be reshaped by this crisis, and while I am more a dabbler than an expert in banking, I am going to try answering those questions.
PYMNTS
AUGUST 28, 2018
Moody’s Analytics’ chief economist Mark Zandi is sounding the alarm over a surge in corporate debt among a concentrated group of U.S. Zandi suggests that the debt burden mirrors the subprime lending spike, which eventually led to the 2008 economic crisis and breakdown of the nation’s financial services market. “It
PYMNTS
JANUARY 28, 2019
PwC has estimated that the foreign investment restrictions could shave off $46 billion in commerce done digitally, if bigger eCommerce firms have to retool the way they do business. The central bank wants to reduce the risk of such concentration across banks and non-banks alike (and where payments firms like Visa already have a foothold).
PYMNTS
JULY 15, 2020
What we’re seeing is the retailers that have invested materially and brought a concentrated effort to their digital presence have had the ability to shift online materially [more quickly] and pick up a share of wallet that is actually increasing given that spend in hospitality and travel has nearly disappeared.”.
Musings on Markets
AUGUST 15, 2023
In every introductory finance class, you begin with the notion of a risk-free investment, and the rate on that investment becomes the base on which you build, to get to expected returns on risky assets and investments. What is a risk free investment?
Musings on Markets
JANUARY 12, 2021
Thus, you and I can disagree about whether beta is a good measure of risk, but not on the principle that no matter what definition of risk you ultimately choose, riskier investments need higher hurdles than safer investments. That tells me three things.
PYMNTS
AUGUST 31, 2018
The investment comes amid ramped up activity in the country among players such as Google and Facebook, which are putting their own mobile payments offerings out there. Krona: The Swedish currency takes it place among other decliners, such as the Turkish lira and Venezuela’s bolívar , amid economic woes writ large. Maybe bit by bit.
Barry Ritholtz
FEBRUARY 6, 2024
I love finding these people who are just absolute rock stars within their space that most of the investing public probably is not familiar with, haven’t heard about them. Tremendous track record, unusual background comes from computer science and software and, and pivoted into quantitative investing. Really fascinating guy.
CFO Leadership
AUGUST 12, 2021
Joy Harper is the Head of Go-To-Market Finance for Cloud Partnerships and Industry Solutions. She has extensive public speaking, general finance, capital markets, treasury, and tax experience. Indri Ongko, Controller, Western Technology Investment. Indri Ongko, Controller, Western Technology Investment.
Barry Ritholtz
JULY 11, 2023
Jenny Johnson is CEO of investment giant Franklin Templeton. Should you add more to marketing or in collections, right? Did you guys just say, we really want to be pure investment management? And the key is the difference for people investing early. They run about a $1.5 She’s been CEO since February 2020.
PYMNTS
APRIL 20, 2018
It makes no economic sense to make something that keeps losing money. The company trimmed its growth estimates earlier this week in part on the vagaries of the crypto market. If smaller players desert the market, then bigger players remain. So, might mining slow for the marquee name in cryptocurrency? That’s a long way away.
Musings on Markets
JULY 17, 2023
I am not a market prognosticator for a simple reason. I am just not good at it, and the first six months of 2023 illustrate why market timing is often the impossible dream, something that every investor aspires to be successful at, but very few succeed on a consistent basis.
Barry Ritholtz
OCTOBER 24, 2022
The transcript from this week’s, MiB: Marta Norton, Morningstar Investment Management , is below. BARRY RITHOLTZ, BLOOMBERG RADIO HOST: This week on the podcast, I have an extra special guest, Marta Norton is the Chief Investment Officer for Morningstar Investment Management. ? ?. Transcript: Marta Norton. NORTON: Right.
Musings on Markets
DECEMBER 2, 2020
In this post, I will argue that there are good reasons for Airbnb's IPO timing, and make my first attempt at valuing this latest entrant into public markets. Acquisitions : As the number of hosts and guests on Airbnb have climbed over the years, the company has invested in building a more robust platform for its rentals.
PYMNTS
JANUARY 13, 2017
According to the New Zealand Trade and Enterprise , Wellington maintains the highest concentration of web-based and digital technology firms in the country. There is a risk that startups in NZ only consider NZ as a market and that they base solutions on how things are in NZ,” Korn explained. Wellington’s unemployment rate of 5.7
Musings on Markets
JANUARY 9, 2021
I spent the first week of 2021 in the same way that I have spent the first week of every year since 1995, collecting data on publicly traded companies and analyzing how they navigated the cross currents of the prior year, both in operating and market value terms. So, why bother?
The Finance Weekly
OCTOBER 13, 2021
This past year has magnified challenges for organizations and their respective industries in unique ways, but there's one common theme we've noticed across the board: Those who were able to adapt quickly found new, unexpected ways to thrive and grow in the midst of one of the most difficult market environments in modern history.
Barry Ritholtz
JUNE 7, 2023
Weinstein, Woodline Partners Co-Chief Investment Officer Mike Rockefeller, Fernbridge Capita Management Founder Brennan Diaz and Knighthead Capital Management Co-Founder Thomas Wagner. Taking a hedge fund approach to long-only investing. They have economics. He is now providing strategic investments to multi manager funds.
Barry Ritholtz
DECEMBER 19, 2023
It’s beta neutral, market neutral. It’s always interesting to speak to a fund manager in the midst of one of the craziest macro periods of the markets that we’ve seen and God knows how long, who doesn’t factor in macro events or the overall market because they’re market neutral and hedged.
Barry Ritholtz
MARCH 7, 2023
Maria Vassalou has a fascinating history and background, London School of Economics to Columbia School of Business, where she actually was a professor for over a decade, and started consulting to the hedge fund and financial services industry. The market microstructure has changed. When do you own growth? When do you own equity?
Barry Ritholtz
SEPTEMBER 12, 2022
She is Head of North America Investments for Citi Global Wealth, which is a giant wealth management arm of the giant Citibank. She really has an incredible background in everything from capital markets to derivatives, to wealth management. You’ve been involved with capital markets for your entire career. RITHOLTZ: Right.
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