凯雷高层管理人员和专业人员在各种论坛上分享关于投资、公共政策和经济事务的观点和知识,包括政策文件、媒体观点、电视访谈、演讲和报告。所表达的观点不一定代表 凯雷投资集团的观点。

Market Commentary
Market Commentary
The Liquidity Risk Premium in Corporate Credit

In their new paper, Mark Jenkins and Jason Thomas find that middle-market loans have historically yielded one-third (170bp per year) more than large, bank-syndicated loans due largely to their illiquidity. Consequently, study results suggest that investors with the ability to hold loans to maturity can boost returns by increasing exposure to liquidity risk.

In their new paper, Mark Jenkins and Jason Thomas find that middle-market loans have historically yielded one-third (170bp per year) more than large, bank-…

In their new paper, Mark Jenkins and Jason Thomas find that middle-market loans have…

Subprime
Economic Outlook
Pessimism’s Pitfalls as an Investment Strategy: The Perils of the “Next Subprime”

Investors, CEOs, and regulators learned from the Great Recession in ways that make the “next subprime” crisis less likely.  Rather than fall prey to elaborate narratives of ruin, or the tendency to expect that the next recession will look like the last one, investors would be better served to focus on conventional risks and opportunities. The best investment strategies will continue to be those that outperform the market in most years rather than those that deliver spectacular returns in one…

Investors, CEOs, and regulators learned from the Great Recession in ways that make the “next subprime” crisis less likely.  Rather than fall prey to elaborate narratives of ruin, or the…

Investors, CEOs, and regulators learned from the Great Recession in ways that make the “next subprime” crisis less…

Market Commentary
Market Commentary
Capturing the Credit Risk Premium

Credit market data powerfully dispel efficient markets theory. Speculative grade interest rates vary to an extent that cannot be explained by fundamentals. As a result, some periods offer better investment opportunities than others. Investors with a global platform and reliable funding sources can scale exposure to credit risk in ways that could increase unlevered returns on loans and bonds and improve overall portfolio performance.

Credit market data powerfully dispel efficient markets theory. Speculative grade interest rates vary to an extent that cannot be explained by fundamentals. As a result, some periods…

Credit market data powerfully dispel efficient markets theory. Speculative grade interest rates vary to an extent…

Financial Services Market Commentary
Market Commentary
Financial Services in the Post-Post-Crisis Environment

Schreiber and Thomas discuss how the U.S. presidential election effectively brought the post-crisis period to a close for the financial services industry. In the new era that follows, they say they expect profound shifts in the industry and the regulations that govern it, driven in part by technology and demographic trends as well as cyclical economic trends. 

Schreiber and Thomas discuss how the U.S. presidential election effectively brought the post-crisis period to a close for the financial services industry. In the new era that follows,…

Schreiber and Thomas discuss how the U.S. presidential election effectively brought the post-crisis period to a…

The Carlyle Edge
Video
The Carlyle Edge

Find out how The Carlyle Edge enables us to invest wisely and create value for our investors.

Vogue
Case Study
Vogue International LLC

Read how Carlyle worked with the founder of Vogue International to enhance its management team, improve operations & strengthen the brand, while successfully executing its growth strategy