Tad Rivelle

Tad Rivelle has served as Chief Investment Officer for fixed income at TCW Group, one of the largest US asset management firms. TCW is particularly known for its expertise in mortgage-backed securities and structured finance. Rivelle developed a reputation for careful analysis of credit market excesses and systematic overvaluation in structured credit during the mid-2000s. His quarterly investment letters and market commentaries are followed by institutional investors for their rigorous, value-oriented perspective on credit markets. He has maintained a consistent philosophy emphasizing credit quality, avoiding crowded trades, and recognizing when risk premiums are inadequate compensation for underlying credit risk — a discipline that proved valuable during multiple credit dislocations including the 2008 crisis and subsequent spread events.