Lessons from Silicon Valley Bank’s demise
Our latest blog examines the news about Silicon Valley Bank (SVB) this week. It covers the causes of its demise, resolutions both here and in the US, and most importantly, lessons we can draw. Diversification of large cash holdings is essential. Fortunately, at a portfolio level, SVB represents only around 0.03% in a global index.
Millen Capital
March 15, 2023