finance
Jeffrey Gundlach Questions Private Credit Trading of Troubled Assets
DoubleLine Capital CEO Jeffrey Gundlach questioned recent private credit trading activity reported by Bloomberg. He highlighted what he described as contradictions in how managers describe troubled assets and bargains.
May 22, 3:38 PM·1m read1 source
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Jeffrey Gundlach, CEO of DoubleLine Capital, questioned private credit managers' recent trading of loans this week. Gundlach responded to a Bloomberg report stating that managers are increasingly trading loans to offload troubled assets and pursue bargains.
He wrote that the description creates contradictions because troubled assets have been presented as opportunities while the same assets are now labeled bargains.
& Co. have been cited in recent coverage for buying and selling loans tied to private credit. Gundlach's comments focus on whether the trades represent genuine value or simply move risk between participants.
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