Many companies will find a higher-interest-rate environment very difficult to operate in — as demonstrated by the Silicon Valley Bank crisis, according to Anthony Doyle, head of investment strategy at Firetrail Investments. "It is not a time to be taking beta and index exposure in a higher-interest-rate and a higher-cost-of-capital world," Doyle told CNBC's "Street Signs Asia" on Monday. It comes after financial regulators closed Silicon Valley Bank and took control of its deposits, in what is the largest U.S. bank failure since the global financial crisis over a decade ago. SVB was a major bank for tech and venture-backed companies, which are under pressure due to higher interest rates. "We expect the market to tighten up despite some of the glut of semiconductors that we've seen more recently.

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