Guggenheim CIO Says Credit Market Is ‘Next Shoe to Drop’
- CIO likes investment grade bonds, sees lower quality cracks
- She expects a rolling recession to hit smaller borrowers, CRE
Anne Walsh
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
While calls for a soft-landing are piling up on Wall Street, Anne Walsh is staying on the defensive.
The chief investment officer of Guggenheim Partners Investment Management, which manages more than $225 billion, is hiding out in high quality bonds while bracing for lower quality parts of the credit market to get hit.