The convergence of pension fund stress, private credit redemptions, and retail speculation highlights systemic fragility. With default rates potentially doubling and mis-selling risks emerging in Europe, regulators and investors face mounting challenges. As Pershing Square USA prepares its NYSE IPO bid, the question remains: can traditional private capital adapt to this new era of fickle, high-frequency investor behavior?
Source: Financial Times Companies · Summarized by HeadlinesBriefing