Reynolds Holding

MARCH 16, 2023

OEFs engage in liquidity transformation, but the FSB exaggerates the significance of this because OEFs are very liquid in comparison with other financial intermediaries such as banks, hedge funds, and private equity funds. 14, 2023), available at [link]. [13] 2022), available at [link]. [9] 2022), available at [link] at 9. [10]

Banking 45

Banking Treasury Marketability Finance 45

Musings on Markets

FEBRUARY 27, 2023

All that said, businesses around the world have borrowed money though time to fund their operations, sometimes for good reasons and sometimes for bad, and over time, these businesses have also faced cycles of too much debt leading to painful cleansing.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

FEBRUARY 23, 2025

The Debt Trade off As a prelude to examining the debt and equity tradeoff, it is best to first nail down what distinguishes the two sources of capital. To me, the key distinction between debt and equity lies in the nature of the claims that its holders have on cash flows from the business.

Equity 75

Equity EBITDA Risk Premium Gross Debt 75