Robert Cohen, Director of Global Developed Credit at DoubleLine, visits Bloomberg TV’s “The Close,” where he evaluates AI-driven debt and equity markets, explaining why investment grade credit still looks healthy while below-investment-grade issuance carries rising risk. Mr. Cohen draws a direct parallel to the late-1990s dot-com cycle, addresses where prospects stand for a Federal Reserve rate cut and discusses how deficit spending has propped up corporate earnings in ways that might not persist. For institutional investors and credit professionals tracking the AI infrastructure buildout, this conversation covers the structural conditions that could eventually trigger a market correction, and why Mr. Cohen places that reckoning closer to 2028 or 2029 than to the present.
Mr. Cohen joined DoubleLine in 2012 and serves as Director of Global Developed Credit. In this role, he oversees the firm’s corporate credit team and is the lead portfolio manager for investment grade, high yield and leveraged loan credit strategies. Mr. Cohen also developed DoubleLine’s leveraged finance investment platform, which is utilized across closed-end fund, floating-rate, CLO and multi-sector fixed-income strategies. In addition, he is a permanent member of the Fixed Income Asset Allocation Committee. Mr. Cohen has over 30 years of experience in corporate credit investing. Prior to joining DoubleLine, he held investment roles at West Gate Horizons Advisors, ING Capital Advisors, Union Bank and Bank of Montreal. Mr. Cohen holds a B.A. in Economics from the University of Arizona and an MBA from the University of Southern California. He is a CFA® charterholder.
