The boom in restructuring helped advisory firms consistently beat analysts' expectations across the board last quarter.
The debt load in these two sectors is an opportunity for distressed investors, he said.
The private investment giant says fears about defaults in the private lending sector are "overblown."
Defaults in corporate private credit will exceed those in the syndicated loan market next year if interest rates remain higher for longer, Bank of America Corp. says...
Executives have been forced to carefully manage both costs and debt to maintain free cash flow in the face of rising rates.
Investment-grade bond funds also saw outflows with investors pulling $4.6 billion from mutual funds and exchange-traded funds.
Even at the millionaire level, broader racial and ethnic disparities persist in ownership of equities.
Advisors are seeing growing demand for investment choices that align with clients' personal values and social good.
Russia's elite billionaires are shifting their holdings around to get ahead of officials in the West.
Fidelity made a bet on retail investors swarming the stock market during the pandemic.
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