2024-03-31 04:48:09 ET
Summary
- The majority of US retirees, who are baby boomers, are unprepared for retirement and financially struggling.
- Investors are seeking private credit investments as a potential shield from market corrections and inflation.
- Barings, a Mass Mutual company specializing in private credit investments, is suing Corinthia over a talent raid that could impact their funds.
- The BGH fixed income fund could be negatively impacted as a result of the corporate raid.
In a recent story that I read in the Investments and Wealth Monitor newsletter titled, The Retirement Wakeup Call is Here , the author makes the point that the vast majority of US retirees are baby boomers, who happen to hold about half the nation’s wealth and are responsible for the vast majority of consumer spending. However, most of those baby boomers are woefully unprepared for retirement....
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BGH: The Corinthia Corporate Raid Could Damage This Credit Fund, Buyer Beware