Wayne Dahl, Co-Portfolio Manager, Oaktree Diversified Income Fund, Brookfield Oaktree Wealth Solutions joined Keith Black, Managing Director, RIA Channel to discuss opportunities in today’s global credit market.
“The market is a lot more attractive today, than it has been historically for fixed income instruments,” says Dahl on shifting market conditions. Entering 2022, interest rate risk was top of mind, leading investors to shorten duration in their portfolios. Twelve months later, Dahl believes much of that interest rate risk is behind us, pointing to today’s attractive yield and price dislocations, as well as the potential for interest rate hikes to reverse course in the face of a slowing economy. Looking ahead, Dahl points to opportunities in high yield bonds and structured credit.
Oaktree invests across the capital structure offers a diversified mix of global investment strategies covering credit, private equity, real assets and listed equities. Oaktree emphasizes an opportunistic, value-oriented and risk-controlled approach to investing in these asset classes.
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Brookfield Oaktree Wealth Solutions
Oaktree Diversified Income Fund
Mr. Dahl is a managing director and Oaktree’s Investment Risk Officer. He also serves as a member of the portfolio management team for the Global Credit strategy and a founding member of its investment committee. Mr. Dahl joined Oaktree in 2016 from Prosiris Capital Management in New York, where he was the Chief Risk Officer. Prior thereto, Mr. Dahl was Head of Risk Management for Canyon Capital Advisors in Los Angeles for nine years where he developed, implemented and managed the firm’s risk measurement and reporting systems across all investment strategies. Mr. Dahl began his career at Rumson Capital in quantitative research and development focused on the convertible arbitrage strategy. He received his B.A. degree in economics with a minor in mathematics from Brigham Young University and his Master of Science in Mathematics in Finance degree from New York University’s Courant Institute of Mathematical Science.