Financial Officials Brace for Potential 'Black Swan' Crisis Amid Growing Market Risks
• Investors trying to anticipate next big market risk event, with major unpredictable "black swan" events posing huge threat
• Universal Investments COO Brandon Yarckin sees financial landscape as highly leveraged, with lots of debt
• Fed raising rates quickly has lag effects, one being issues in private equity as institutions increasingly allocate to illiquid assets
• Pensions and institutions have fixed liabilities requiring asset sales each year, but allocation to illiquid private equity continues growing
• Negative private equity monetizations contributing to less liquidity on institutional balance sheets to meet annual obligations