New York | This week in The Institutional Risk Analyst, we return to the activities of funds operating in the world of distressed real estate and corporate debt. We noted a few months back that some of the biggest players in the distressed debt industry were preparing for a comeuppance in the market for collateralized loan obligations or “CLOs.” New funds were be created to absorb and profit by busted CLOs and distressed financial institutions such as Deutsche Bank AG (DB).
New York | Next week we launch the first paid product for The Institutional Risk Analyst, "The IRA Bank Book," which will feature our concise thoughts on the US banking industry and credit markets, along with some pretty charts to illuminate the discussion. More on this soon. This week the markets await the first press conference of Federal Reserve Board Chairman Jerome Powell, a tribal ritual that brings together the media, investors and policy makers in a shared experience