[Cryptocurrency’s downward spiral in the fourth quarter of 2025 reinforced a visceral understanding of the asset’s volatility and the difficulty of determining the rationale for the continued sell-off.
[The capital structures of companies in the high-yield universe have expanded greatly from traditional high-yield bonds to an array of alternative financing solutions that include bank loans and private credit.
[An active search for alternatives to traditional fixed-income investments for income and diversification hedging was triggered by the poor performance of 60/40 portfolios in 2022.
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