Silla Brush

Rivals across the $1.8 trillion private-credit industry are starting to agree on one thing: Stop calling funds “semi-liquid.”

Industry leaders at Milken conference say private credit funds should be clearly marketed as illiquid after retail exodus

DoubleLine Capital Chief Executive Officer Jeffrey Gundlach raised pointed questions about financial advisers and other intermediaries who ushered individual investors into private credit and other so-called semi-liquid funds, suggesting they’ve been motivated by high fees as much as by their clients’ interests.

El director ejecutivo de DoubleLine Capital, Jeffrey Gundlach, planteó serias dudas sobre los asesores financieros y otros intermediarios que promovieron productos de crédito privado y fondos poco líquidos a inversionistas individuales. También sugirió que estuvieron motivados tanto por las altas comisiones como por los intereses de sus clientes.

(Bloomberg) -- DoubleLine Capital Chief Executive Officer Jeffrey Gundlach raised pointed questions about financial advisers and other intermediaries

Bondinvestor Jeffrey Gundlach hat scharfe Kritik an Finanzberatern und anderen Vermittlern geübt, die Privatanleger in Private-Credit-Produkte und andere sogenannte semiliquide Fonds gelenkt haben. Dabei stellte der Chef von DoubleLine Capital infrage, ob hohe Gebühren nicht ebenso ausschlaggebend gewesen seien wie die Interessen der Kunden.

BlackRock Inc. cut the value of its publicly-traded private credit fund by about 5%, as it struggled under the weight of troubled loans, markdowns and lower returns.

(Bloomberg) -- US derivatives exchange CME Group Inc. and index provider Silicon Data are teaming up to create a futures market for computing power, a key source driving the AI boom.

The troubled private credit funds, by most any measure, are a sliver of the assets of investing giants KKR & Co., BlackRock Inc. and Apollo Global Management Inc.

Asset managers deploy buybacks, leadership changes and potential sales to address reputational damage from their troubled business development companies.