Stracke

Wealth managers are reportedly pulling back from private credit, leading them to ramp up their search for alternative investment opportunities. This retreat follows difficulties faced by the industry, particularly stemming from sudden exit restrictions at major direct lending funds earlier this year.

Pimco's Stracke advises clients to diversify their investments away from the US. This move is likely in response to economic uncertainty and potential risks associated with investing solely in the US market. The decision reflects a broader trend of investors seeking diversified portfolios.