1. Oaktree's Panossian Warns of 'Excessive Risk-Taking' and Widening Gap in Private Credit
A stark warning from a top fund manager signals rising fault lines within the booming private credit market. Armen Panossian, head of performing credit at Oaktree Capital Management, sees a dangerous divergence forming, driven by what he calls 'excessive risk-taking.' This behavior is creating a significant and widenin...