Introduction of newly formed distressed credit research team

In this episode, Mike Collins introduces the newest team members at PGIM Fixed Income, Greg Cass and Caris Holmstead, who specialize in distressed credit and special situations. With years of experience in handling distressed situations, their arrival is well-timed as the distressed credit opportunity set has expanded due to recent downgrades and restructuring in the credit markets. The team is in the process of hiring a third member in their growing team, emphasizing the importance of this opportunity set.