Bank Loans
Actively managed, research-driven strategy targeting an excess return over a leveraged loan index or similar benchmark. Strategy seeks to generate excess return through industry and security selection, with heavy emphasis on default avoidance. Opportunities are sourced from both primary and secondary markets. Strategy can be managed in a U.S., European or Global mandate.
Objective and Approach
- Highly integrated team based in both US (Newark) and Europe (London)
- London staff are European nationals with strong local relationships and deep experience in the European market
- Common philosophy adapted for local jurisdictions and economies
- Access to broad network of new issue and secondary bank loans
- Comprehensive infrastructure to address risk, regulations, and operations requirements
- Rigorous screening/ approval and monitoring
- Fundamental, bottom-up credit research-based security selection
Why PGIM Fixed Income?
A Global Approach to Leveraged Finance
- Ability to source opportunities globally—seeking best opportunities from a wider universe
- Integrated global team combined with detailed local knowledge
- Seeks to maximise return using a relative value based approach
- Global scale enables us to command access and execution
An Experienced and Long-Standing Management Team
- Experience and continuity—team averages [an error occurred while processing this directive] years investment experience/[an error occurred while processing this directive] years with the firm
- Built on a fundamental credit culture—[an error occurred while processing this directive] analysts—[an error occurred while processing this directive] focused on Leveraged Finance
A Deeply Resourced, Rigorous Research Heritage
- Fundamental research and sector specialization across the full credit spectrum
- Rigorous bottom-up credit selection
- Global macroeconomic research team provides broad market top-down thematic input
- Additional and dedicated resources focused on analytics, risk management, and attribution
As of [an error occurred while processing this directive]. ¹European team members are employees of an indirect subsidiary of PGIM, Inc., who have been seconded to PGIM Limited, a UK subsidiary that is authorised and regulated by the Financial Conduct Authority.
Contact a representative for more information on this strategy.
- Investing in bank loans for more than [an error occurred while processing this directive] years
- [an error occurred while processing this directive]-member leveraged finance portfolio management team averaging [an error occurred while processing this directive] years experience¹
- [an error occurred while processing this directive] bank loan analysts with senior members averaging [an error occurred while processing this directive] years experience¹