Market storm does not distress Pimco's Bridwell
The firm's head of alternative products, Jennifer Bridwell, and her team have been buying distressed mortgage assets for investors willing to look beyond ratings.
For Jennifer Bridwell, Pimco’s head of alternative products, managing a portfolio of distressed mortgage-backed securities (MBS) is much like protecting family treasures in a storm cellar. The assets are locked up until the weather improves and their potential value can be realised.
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