Marathon Asset Management Chair and CEO Bruce Richards has expressed concerns over the potential increase in default rates among highly-leveraged software companies. Bloomberg posted on X that Richards shared his insights during the BloombergInvest conference held in New York. He anticipates that default rates could surge by 15% as companies face mounting financial pressures. Richards highlighted the challenges these firms encounter due to their significant debt levels, which may lead to financial instability. The conference provided a platform for industry leaders to discuss economic trends and forecasts, with Richards emphasizing the need for careful financial management in the software sector.