Bond Market Secrets: Offsetting Asymmetric Downside Risk

Published on
January 15th, 2020
Duration
33 minutes


Bond Market Secrets: Offsetting Asymmetric Downside Risk

The Expert View ·
Featuring Gershon Distenfeld

Published on: January 15th, 2020 • Duration: 33 minutes

Gershon Distenfeld co-heads a fixed-income team at AllianceBernstein that manages over $300 billion in assets. He joins Real Vision to discuss how the high-yield credit space can function as an alternative to the stock market and why the best bond investors focus on avoiding losers rather than picking winners. He underscores the importance of fixed-income diversification and gives his thoughts on leveraged loans, collateralized mortgage obligations (CMOs), and collateralized loan obligations (CLOs). Filmed on January 10, 2020, in New York.