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Cliff Asness Pushes Back on Bubble Fears
Cliff Asness Pushes Back on Bubble Fears

Bloomberg

time7 days ago

  • Business
  • Bloomberg

Cliff Asness Pushes Back on Bubble Fears

Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Billionaire Cliff Asness tells Bloomberg Open Interest how his firm is up more than 10% so far this year. Plus, Marathon's Bruce Richards sees cracks in a red hot credit trade and explains why he's hesitant about the software sector. And, from Wall Street to Y'all Street. Former Congressman Jeb Hensarling is leading the charge for the new Texas Stock Exchange. He join us from Dallas with details on the new exchange. And the CEO of Autodesk joins the C-Suite to talk about how technology can help to mitigate the housing crisis. (Source: Bloomberg)

Marathon's Richards Raises Caution on Direct Lending to Software Firms
Marathon's Richards Raises Caution on Direct Lending to Software Firms

Bloomberg

time03-06-2025

  • Business
  • Bloomberg

Marathon's Richards Raises Caution on Direct Lending to Software Firms

Handing out private loans to software technology companies is not 'intelligent,' said Marathon Asset Management Chief Executive Officer and founder Bruce Richards, cautioning firms that can't make the artificial-intelligence transition will have a 'Blockbuster Video moment.' 'This is one sector that really causing me to take a lot of pause,' Richards said in an interview with Bloomberg Television on Tuesday. 'I think it's a great place to invest as private equity, but not such an intelligent place to invest if you are private credit capped at par on the software companies.'

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