\nInvestitorul american de capital privat J. Christopher Flowers a avertizat c\u0103 o cre\u015ftere spectaculoas\u0103 a investi\u0163iilor \u00een credite private de c\u0103tre asigur\u0103torii de via\u0163\u0103 creeaz\u0103 un risc sistemic pentru investitori, raporteaz\u0103 Financial Times.<\/p>\n
\nFlowers, care a \u00eencercat s\u0103 salveze asigur\u0103torul AIG \u00een timpul crizei financiare din 2008, a declarat c\u0103 investitorii subestimeaz\u0103 riscurile care rezult\u0103 din avalan\u015fa de bani \u00een \u00eemprumuturi de credit private \u015fi din presiunea exercitat\u0103 de asigur\u0103tori asupra acestor active \u00een c\u0103utarea unor randamente mai mari ale investi\u0163iilor.<\/p>\n
\n\u201ePrea mul\u0163i oameni au apelat la creditul privat, iar acesta are o caracteristic\u0103 special\u0103, \u015fi anume c\u0103 o parte din el este finan\u0163at cu active de asigur\u0103ri de via\u0163\u0103”, a declarat Flowers pentru Financial Times. <\/p>\n
\nActivele gestionate de fondurile de investi\u0163ii \u00een credite private au crescut p\u00e2n\u0103 la un nivel record de 1,5 mld. dolari, cu o cre\u015ftere anual\u0103 mai mult dec\u00e2t dubl\u0103, ajung\u00e2nd la 23% \u00eentre 2020 \u015fi 2022, potrivit JPMorgan. Alimentarea cre\u015fterii industriei a fost un impuls din partea grupurilor de capital privat pentru a gestiona active de asigur\u0103ri.<\/p>\n
\n\u00cen ultimul deceniu, o parte dintre cele mai mari grupuri de private equity din lume, precum Blackstone, Apollo, Brookfield, KKR \u015fi Carlyle, au achizi\u0163ionat sau au \u00eencheiat parteneriate cu asigur\u0103tori de via\u0163\u0103 ca mijloc de a investi portofolii mai largi de active orientate spre credite. Ace\u015fti asigur\u0103tori sus\u0163inu\u0163i de capital privat au crescut investi\u0163iile \u00een active de credit private, cum ar fi produsele securitizate, datoriile private \u015fi \u00eemprumuturile cu ratinguri mai mici.<\/p>\n
\nMoody’s a constatat recent c\u0103 asigur\u0103torii cu capital privat au investit 102 miliarde de dolari \u00een titluri garantate cu active, aproape o treime din totalul investi\u0163iilor \u00een obliga\u0163iuni \u015fi aproximativ triplu fa\u0163\u0103 de expunerea de\u0163inut\u0103 de \u00eentregul sector al asigur\u0103rilor.<\/p>\n
\nFlowers a declarat c\u0103 este \u00eengrijorat de cre\u015fterea general\u0103 a activelor de credit private, care sunt gestionate \u00een principal \u00een fonduri de investi\u0163ii private \u015fi publice, dar a considerat c\u0103 o problem\u0103 \u201esistemic\u0103” sau o explozie a unei companii ar proveni probabil de la un asigur\u0103tor care de\u0163ine o cantitate prea mare din aceste datorii.<\/p>\n","protected":false},"excerpt":{"rendered":"
Investitorul american de capital privat J. Christopher Flowers a avertizat c\u0103 o cre\u015ftere spectaculoas\u0103 a investi\u0163iilor \u00een credite private de c\u0103tre asigur\u0103torii de via\u0163\u0103 creeaz\u0103 un risc sistemic pentru investitori, raporteaz\u0103 Financial Times. Flowers, care a \u00eencercat s\u0103 salveze asigur\u0103torul AIG \u00een timpul crizei financiare din 2008, a declarat c\u0103 investitorii subestimeaz\u0103 riscurile care rezult\u0103 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[9323,11848,466,7736,246,149,6546],"class_list":["post-220474","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-active","tag-asiguratori","tag-capital","tag-credit","tag-crestere","tag-investitii","tag-privat"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/220474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=220474"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/220474\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=220474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=220474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=220474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}