The SECOR team provides a capital markets update, while SECOR’s asset class specialists, provide updates on Private Equity and Credit.
Equities and bonds to increase over the quarter
Rates rallied in US and EU and steepened across the board over the past two weeks
US Private Equity AUM has grown by 9.8%/year since 2006 or roughly the same pace as the public equity market as the S&P 500 returned 9.3%/year over the same period.
Credit Loan Obligations – attractive relative value compared to other structured product and credit sectors