Core Insights - The current investment landscape is characterized by difficulty in finding fairly priced asset classes, leading clients to focus on downside risk and maintain cash reserves for potential market corrections [1][2] - Diversification is a key strategy for clients to avoid overexposure to any single sector, including popular areas like gold and AI, as they brace for potential market corrections [2][3] - The complexity of the macroeconomic and geopolitical environment is prompting investors to seek prudent diversification strategies [3] Private Credit Insights - There have been notable issues in the private credit sector, particularly highlighted by recent collapses, which raise concerns about the overall health of this asset class [3][5] - Despite the challenges, private credit remains crucial for asset allocation and economic funding, with most of it being of good quality, although some areas may be vulnerable to economic downturns [6][7] - Currently, there are no signs of systemic stress in private markets, and the industry is focused on helping clients manage losses while navigating the evolving landscape [5][7]