Oaktree Sees Value in Asset-Backed Bonds Amid AI Credit ‘Excess’

Oaktree Capital Management is finding value in real estate and hybrid debt as demand for corporate credit soars.

“The lack of discipline, just how much money is chasing deals — I think you need to be mindful of that,” Danielle Poli, a portfolio manager for the firm’s global credit strategy, said on the latest Bloomberg Intelligence Credit Edge podcast, referring to credit markets more broadly.