Sebastien Canderle

Unicorns follow a market strategy first tested in the dot-com days: launch innovative business ideas and grow the top line exponentially while racking up huge losses. The trick is to ensure almost unlimited access to financing.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Venture capital: Lessons from the dot-com days

THE NASDAQ 100 index hit rock bottom during intra-day trading on Oct 10, 2002, down 77 per cent from its all-time high...

Because most credit deals in recent years applied floating rates, should the cost of credit remain high, zombie scenarios, Chapter 11 filings, and hostile takeovers by lenders could spike.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Private equity: Five lessons from the GFC

UP UNTIL the 2008 credit crunch, the conventional recipe for success in private equity (PE) was straightforward: Just pour in debt and...

Unprecedented monetary stimulus in the aftermath of the global financial crisis and during the pandemic should provide fertile ground for distress investing. Excess capital is often misallocated and leads to wasteful and ill-advised investments.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Distress investing: Debt could magnify risks of market dislocations

In considering distressed opportunities, investors will need to discern whether companies are permanently impaired or can be turned around