PGIM CEO David Hunt: Opportunities Emerging in Public and Private Credit PGIMCEODavidHunt:OpportunitiesEmerginginPublicandPrivateCredit

David Hunt, President and CEO of PGIM, joined Bloomberg Surveillance for a conversation about the wide range of opportunities and challenges in financial markets, including the structural trends driving investors back into fixed income and attractive opportunities emerging across public and private credit. With a higher-for-longer environment taking shape, Hunt also discussed why it is crucial for asset managers to take a long-term view.

“We pride ourselves on taking considered, non-consensus views that are long term in nature,” Hunt said. “In order to do that, you need a culture that supports people to take those non-consensus views, even during times that they don’t look so right.”

Other topics include growth in direct lending and asset-backed finance, the rise in geopolitical risks, and how divergent economies around the world are setting up a “weakflation” scenario.

 

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