2022 was a grinding year in the markets. The Fed and the ECB hiked rates hard to counter inflation, the Ukraine war unsettled some well-established markets, and a rapid decline in US-China relations all ushered in a new era in global financial markets. US and European GDP growth decelerated from the post-COVID stimulus sugar high, with the US down from +5.9% in 2021 to +2.1% in 2022, while Europe went from +5.3% in 2021 to +3.3% in 2022 with the biggest economy Germany lagging at +1.9% in 2022.1 The year ended with widespread losses across both rates and equities, with for example 10-year Treasuries down -16.2%, US high yield down -11.2% and US equity markets down 18.1%.2 The year was punctuated by short fierce rallies in July and November—and once again in early 2023 at the time of this writing.
February 2023
SVP Market Update: Tough Times Ahead
Strategic Value Partners Appoints Mike Ungari as Head of Real Estate
Mr. Ungari joins SVP from Goldman Sachs ...
Hornblower Group to Be Acquired and Receive Significant New Equity Investment
Strategic Value Partners to Become Major...
Strategic Value Partners Completes Acquisition of APCOA Parking Holdings
APCOA Parking Holdings (“APCOA”), Eu...
Strategic Value Partners Bolsters Structured Capital Capabilities with Two Senior Hires in Europe
Based in London, they will jointly lead ...