M&A Revival a Likely Tailwind for High Yield Performance
With corporate M&A activity at record levels, we assess the effects on high-yield issuers and how an active M&A pipeline is likely to remain a tailwind for the U.S. high yield market.
Prudential Tower
655 Broad Street
Newark, NJ, United States
Prudential Tower
655 Broad Street
Newark, NJ, United States
Robert Cignarella, CFA, is a Managing Director and Head of U.S. High Yield for PGIM Fixed Income. Mr. Cignarella is also the co-Head of the Global High Yield Strategy. Prior to joining the Firm in 2014, Mr. Cignarella was a managing director and co-head of high yield and bank loans at Goldman Sachs Asset Management. He also held positions as a high yield portfolio manager and a high yield and investment grade credit analyst. Earlier, he was a financial analyst in the investment banking division of Salomon Brothers. Mr. Cignarella received an MBA from the University of Chicago, and a bachelor’s degree in operations research and industrial engineering from Cornell University. He holds the Chartered Financial Analyst (CFA) designation.
With corporate M&A activity at record levels, we assess the effects on high-yield issuers and how an active M&A pipeline is likely to remain a tailwind for the U.S. high yield market.
PGIM Fixed Income discusses how a standardised framework can help guide the ESG disclosures that investors in the high yield and leveraged loan market require.
Several of PGIM Fixed Income's senior investment professionals from various sectors outline the risks and opportunities created by the ongoing volatility.
All information as of March 31, 2022. For purposes of the biographies, the “Firm” is defined as Prudential Financial, Inc. ("PFI"). All PGIM and Prudential named entities are subsidiaries or affiliates of PFI. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.