Over the past two years, some of the large non-banking finance companies (NBFCs) have transferred real estate and other wholesale loan exposures at the first hint of stress to new alternative investment funds (AIFs) that they set up in partnership with PEs and asset managers.
Wall St Week Ahead-US small caps struggle as elevated interest rates take a toll
Small cap stocks surged at the end of 2023, as expectations grew that the Fed was done raising interest rates and would soon begin easing