PGIM’s Denis Cole on multi-sector credit investing
INTERVIEWSERIES
Denis Cole, Director of Credit, Head of Portfolio Specialist Group, PGIM
December 2025
In this exclusive interview, Denis discusses multi-sector credit, including how and when best to allocate to a multi-sector credit mandate, appropriate benchmarks to use and what asset owners should look for in a manager when they are assessing their aptitude for a multi-sector credit mandate. He also shares his perspectives on subsectors of credit markets where he sees attractive relative value.
Watch the full interview which covers:
00:24 - When should an investor choose a broad multi-sector credit mandate versus allocating on a single sector basis?
02:53 - Are there structural opportunities in a multi-sector credit mandate or is the benefit in rotating sectors based on relative value?
05:10 - What are the skills an asset owner should look for in a manager when assessing its aptitude for a multi-sector credit mandate?
07:00 - What is a good benchmark for a multi sector credit mandate / portfolio?
07:50 - Are there particular subsectors of credit that stand out in terms of great relative value?
Subscribe
Denis Cole, Director of Credit, Head of Portfolio Specialist Group, PGIM
Denis is the Director of Credit, Head of Portfolio Specialist Group at PGIM, with over 15 years of industry experience.
Prior to joining the Firm in 2020 as the Principal and Portfolio Specialist for PGIM Fixed Income's Emerging Markets Debt Team, Denis was a Portfolio Manager for Gramercy Funds Management’s Emerging Markets Debt Team. At Gramercy, he was a member of the firm’s investment committee as well as the sovereign and corporate debt committees. Prior to Gramercy, Denis worked at Nexar Capital Group and LaBranche Structured Products.
Denis holds a BA in Political Science from the University of Pennsylvania.
Global Investment Institute is Australia’s leading provider of conferences for capital allocators.
We connect institutional investors, family office and private wealth investment leaders with peers and global investment experts to share knowledge and thought leadership in a private, collegiate and discussion-focussed setting, conducted under Chatham House Rule.
Our upcoming events include:
