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Private credit portfolio values not reflecting real market losses, Ross Gerber warns

Private credit portfolio values not reflecting real market losses, Ross Gerber warns
Wirehouses hide private credit losses

Ross Gerber is raising concerns about significant losses in private credit portfolios held by wealthy clients at wirehouses. He notes that these losses, driven by plummeting loan values in public markets, are not being marked down on client statements.

According to Gerber, this lack of transparency prevents clients from fully realizing the extent of their losses.

Gerber has recently commented on pressures in other sectors, cautioning that GOOG, UBER, and TSLA face tougher conditions in the robo cab market as increased competition forces lower pricing. He also noted ongoing risks in Hollywood, following Paramount's layoffs and mounting debt from costly bidding. These observations come as Gerber highlights transparency concerns in private credit portfolios.

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