Gundlach Is Latest to Sound Corporate Debt Alarms: Credit Weekly
(Bloomberg) — DoubleLine Capital has its lowest-ever allocations to speculative-grade bonds now, because valuations just don’t reflect the risks. The money manager has been gradually cutting its high-yield bonds and other sub-investment-grade debt over the past two years, Jeffrey Gundlach, chief executive officer, said at the Bloomberg Global Credit Forum in Los Angeles this week….