Jeff Blazek
speaker
496 appearances
1 recordings
1 series
first heard Feb 2026
last heard 13 Feb
Jeff Blazek’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Feb 2026 with 1.
Appearances
The area that's more challenged to us that can help fund some of these overweights is in fixed income, more importantly in U.S.
fixed income.
So we have tight credit spreads.
We have interest rates that are, you know, they're higher than they were three years ago, but lower than a year ago, particularly on the front end.
So we would be, by leaning into risk assets, we think you could probably go underweight your fixed income allocation a bit to fund some of those overweights.
Well, fixed income and private credit have the same overarching exposure of being creditors.
So you're ultimately owning an obligation.
I think they're dramatically different in terms of how they should fit in your portfolio.
So private credit, we do measure it relative to traditional fixed income.
But when you invest in private credit, you should not be thinking of this at all as a liquid asset class.
And your expectations should be geared accordingly around that.
But you should expect to earn 9%, 10%, 11% returns.
So this is an example of something that might be of interest to our new family office.
They may want to put a decent amount day one into private credit, because that's going to give them some really interesting returns.
And they have the illiquidity tolerance to handle that.
But if I compare that to the role that traditional fixed income should serve,
Those are night and day in two ways.
One, the traditional fixed income is ready for me by the end of the day if I need it for a capital call or to pay a bill that comes in.
It is readily liquid, tradable, and it settles T plus one.
And private credit will never be able to do that.
Showing 341–360 of 496 · page 18 of 25
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