The global market had already rallied in 2003, thanks to strong performance from small caps, cyclicals, commodities (ring a bell?), inflati...

Current CLOs outstanding globally total around $700b, with annual new issues of over $100b.

But some observers worry that Asian buyers are overlooking risks.

In The Wall Street game of greed and fear, greed is once again asserting itself with Henry Kravis, Stephen Schwarzman and Leon Black

While Cos in developed markets gear up for subprime fallout, local Cos see opportunities for more buyouts in Europe and US.

A famous series of jokes attempts to define political systems.