Credit Risk Happens Fast – a SVB Postmortem
Discipline Funds
MARCH 10, 2023
Now, many people will look at the SIVB situation and blame their poor risk management of the securities portfolio. As irrational exuberance took hold of the markets we saw a huge surge in the valuations of private equity firms. The 2020 and 2021 inflation was the tsunami. 2022 and 2023 is the wave crashing ashore.
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