

TCW Expects Private Debt ‘Accidents’ as Stress Builds
May 9, 2024
Portfolio manager Jerry Cudzil from TCW Group discusses rising private credit stress and potential defaults. He warns of accidents as documentation weakens and pay-in-kind deals increase. TCW is underweight in corporate credit but finds opportunities in CLOs and agency mortgages.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 5min
Analysis of Fundamental Indicators and Market Stress
04:48 • 4min
Navigating Corporate Bond Portfolios in Anticipation of a US Recession
08:58 • 5min
Market Outlook and Investment Strategies
13:48 • 20min
Concerns on Consumer Health, Geopolitics, and AI Adoption for the Future
33:47 • 4min